Source: Atlanta Business Chronicle
UNCF released its 2024 HBCU economic impact report on Thursday. The “Transforming Futures: The Economic Engines of HBCUs,” showed the nation’s 101 HBCUs pack an economic punch worth $16.5 billion.
“When you aggregate all of [the Atlanta University Center’s] impact, they pull together $1.1 billion in economic impact,” Lomax told Atlanta Business Chronicle.
That includes everything from the jobs at the institutions to the spending their employees and students do in the communities around the schools.
The Atlanta University Center Consortium is the nation’s largest hub of HBCUs. Originally formed in 1929, it includes Clark Atlanta University, Morehouse College, Morehouse School of Medicine and Spelman College. Other nearby HBCUs include Morris Brown College and the Interdenominational Theological Center. They are not official members of the consortium, but are considered part of the Atlanta University Center complex.
“The AUC is producing talent ready for the economy that is bursting at the seams in Atlanta. … Now, we should be more intentional to ensure that [HBCUs] have the resources they need to grow and develop,” said Lomax, who was a college professor after graduating from Morehouse and also served as the first Black chairman of the Fulton County Board of Commissioners from 1981-1993.
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