This study sought to provide an up-to-date picture of the substantial dividend of jobs and income which Georgia State University provides to the Atlanta area. The study proceeded in six phases: (1) collection of direct university enrollment, payroll, and spending data; (2) survey and estimation of student spending; (3) survey and estimation of faculty/administration/staff spending; (4) calculation of the local multiplier; (5) calculation of employee equivalent of student spending; and (6) computation of the university's total impact on local income and employment. The principal findings revealed that the university provided 2,249 full-time jobs and 747 part-time jobs in 1989, and that university-related spending generated an additional 2,835 full-time positions in the Atlanta community. In addition, it was found that the average student annually spent $11,682 in the local economy, the faculty/administration/staff members spent locally an average of $20,081 each, and direct spending by the university, faculty/administration/staff, and students totaled $156,604,167 (exluding expenditures by most part-time students). Appendices include the student and faculty/administration/staff questionnaires, university data, and several computational analyses. Contains 17 references. (GLR)