$1.32 billion?

//www.matthewktabor.com/images/gcs_logo.jpg” cannot be displayed, because it contains errors. $1.32 billion.

Apparently, that’s the amount of money GCS is worth to the local economy, according to a report just released by UNCG professor Andrew Brod, and scheduled to be presented next week.

Click here for the executive summary.

Click here for the full report.

An excerpt from a N&R story:

“This gives you a feel for what kind of footprint Guilford County Schools has in our local economy,” Brod told elected officials gathered at a breakfast in Greensboro on Friday.

The study also included a separate total of the amount of direct and spillover dollars spent in Guilford County as a result of the 2000 and 2003 school bonds.

Brod calculated that the previous $500 million worth of bonds contributed $787.1 million to the local economy.

He estimated the 2008 school bonds, totaling $457.3 million, would contribute $656.8 million.

This timing of this report is certainly suspect, in light of the upcoming Bond issue on next month’s ballot.

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E.C. )

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