Deakin University: Contribution to the Geelong community

Economic contribution of Deakin University’s Geelong Waurn Ponds and Waterfront campuses

Deakin University’s Geelong Waurn Ponds and Waterfront campuses contribute to their local community and society more broadly in several important ways. Through its teaching function Deakin improves the labour force and life prospects for individuals and contributes to a more productive workforce. Through its research Deakin generates ideas, new technologies and new knowledge; driving innovation and productivity in the economy. In addition, the ongoing operations of the Geelong campuses, the expenditure of Deakin students and Deakin’s capital investments, contribute significantly to local economic activity.

This study quantifies the economic contribution of the Geelong campuses’ ongoing operations and student expenditure to the local community in the Greater Geelong LGA. It does this by estimating the Geelong campuses’ economic contributions to the Gross Regional Product (GRP) of the Greater Geelong LGA. The study also quantifies the economic impact of Deakin’s capital expenditure on GRP.