Augusta University Breakfast Delivers Local Economy Data for Planning Decisions

Augusta University presented updated regional employment and population figures at its annual Economic Forecast Breakfast, giving city planners and business groups concrete numbers to shape decisions on services and infrastructure.

Data Snapshot from the Forecast

The presentation showed regional employment rose by 3,720 jobs over the past five years. Projections indicate an additional 11,881 jobs over the coming five years. Nominal GDP stands at approximately $37 billion, with real GDP advancing at 1.5 percent annually, below the national pace of 2.2 percent. Government remains the largest sector with 56,772 jobs, followed by health care at 34,751 jobs, retail trade at 27,931 jobs and manufacturing at 24,903 jobs.

Population and Income Trends

Regional population increased by 25,619 residents over the last five years and is projected to rise by another 26,336 over the next five years. Median household income reached $62,900 in 2023, which sits $12,200 below the national median of $75,100. These figures were compiled for the event held at the James M. Hull College of Business.

Using the Information for Local Choices

City agencies and economic development offices can apply the employment and population projections when scheduling expansions of public services and reviewing land-use plans. Health-care providers and manufacturers gain a baseline for workforce needs. The data set allows adjustments in training programs and site-selection efforts without reliance on national averages alone.

Officials reviewing the report can compare the local 1.5 percent real GDP growth rate against national performance to calibrate budgets for upcoming fiscal years. The next steps involve incorporating these verified counts into service-delivery models and capital-improvement schedules already under consideration by Augusta-area bodies.