The United Negro College Fund, with research by the University of Georgia’s Selig Center for Economic Growth, released a report Tuesday on the economic impact of the nation’s Historically Black Colleges & Universities.
The report was based on the country’s 101 accredited HBCUs. Nine of those institutions are in Georgia.
Here are five interesting pieces of data from the report:
- HBCUs generate an estimated $14.8 billion of economic impact annually, which the report said would rank them among the top 200 corporations in the Fortune 500 list.
- The institutions create 134,090 jobs for their local and regional economies, which the report said is equivalent to the number of jobs by the data company Oracle.
- More than one-half of those jobs, about 76,000 of them, are off-campus.
- a HBCU graduate earns about 56 percent more than someone without college credentials.
- For each job created on an HBCU campus, another 1.3 public- and private-sector jobs are created off campus because of HBCU-related spending.
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