COLUMBUS, Ga. – Columbus State University brings in millions of dollars to our local economy each year. A recent study done by the University of Georgia says CSU creates a total economic impact of almost $265 million for our area.
Lydia Epp with Iron Bank says students from CSU community spends a lot of money at Iron Bank.
“There are a lot of people that work at the art center down here that come in for coffee and drinks in the morning, regulars, so I would I say a pretty big impact,” Epp said.
CSU junior Jordyn Braaten spends most of her money on food. She said she spends about $300 a month on food.
“I’m a RiverPark student, studio art major, so I’m here a lot. I generally go to Your Pie, the Pod, stuff like that,” Braaten said.
Ben Blair with The Butler Center for Business and Economic Research says the study focused on CSU’s economic impact on eight Georgia counties.
“For their study area, their study actually understates the true economic impact because they don’t include Russell County or any of the counties in Alabama,” Blair said.
Blair says its more than just spending by the students that benefits our economy.
“As the employees are paid, they then spend money in the local community creating further economic impact,” he explained.
“It’s not necessarily students. It’s a lot of faculty members and board members as well,” Epp said.
The study shows CSU’s economic impact is up by three percent than past years. Blair says this is mainly due to the school’s increase in enrollment.
This study does not include spending by visitors for campus events like parents weekend and graduation.