SOUTH BOSTON — The Southern Virginia Higher Education Center had an economic impact of $66.1 million on the statewide economy in fiscal year 2018.
Of that increased economic activity, $57.9 million of it occurred in the Southern Virginia region. These findings are from a newly released report examining the economic impact of the SVHEC on the local and statewide economy.
“We’ve always believed the SVHEC was having a significant economic impact on Southern Virginia, and now we have the data to support that belief,” said Betty Adams, SVHEC executive director. “We pride ourselves on being good stewards of the dollars invested in the SVHEC, and this report shows that the citizens of the commonwealth — especially Southern Virginians — are getting an excellent return on their investment,” she continued.