Economics News

Hull College Students to Assist with SRS Economic Impact Study

Five Hull College of Business students will work on an economic impact study of Savannah River Site (SRS) during the fall 2021 semester.

Students, under the direction of economics professor Simon Medcalfe, Ph.D., will analyze data from Richmond and Columbia counties in Georgia, along with Aiken, Barnwell, and Allendale counties in South Carolina, to determine the direct and indirect economic impact from the government site.

The SRS Community Reuse Organization (SRSCRO) is sponsoring the study by funding the software and providing $1,000 scholarships to each student. Medcalfe will work with the organization to collect the data from contractors and government agencies to use in the study.

Medcalfe was involved in two previous studies, in 2011 and 2017, which showed the ecomonic impact of SRS to be more than $2 billion on the five-county region.

For this study, he wanted student involvement as a class project since the scope would be smaller than the previous ones. Once the students analyze the data, which will be as recent as the third quarter of 2021, the federal fiscal year end, they will present their findings in a written report in December.

The class will be a positive experience for the five students and will provide the skills that many employers look for when hiring new graduates.