What are the economic benefits of the partnership?
If implemented fully, the plan recommended by consulting firm Tripp Umbach will generate more than $1.6 billion additional dollars annually and support more than 10,000 additional jobs statewide. According to the report, every $1.00 invested by the State of Georgia in 2020 in medical education will result in a return of $2.54 in state tax revenue. Tripp Umbach estimates that the regional economic impact of the Athens campus will be more than $567 million annually by 2020. The consultant’s report estimates that medical education, research and clinical expansion in Athens will support 3,000 new jobs and generate $17 million in local government revenue by 2020. Tripp Umbach also estimates that medical research growth in the Athens area will result in more than $180 million in commercial investment by 2020. The full report can be found here.
