SAVANNAH — The Board of Regents of the University System of Georgia released a study Monday on the $16.8 billion economic impact of Georgia’s 28 institutions on their host economies in fiscal year 2016. During that period, Armstrong State University contributed more than $252 million to the Savannah area, reflecting a $17 million increase from fiscal year 2015 to 2016. "This news is encouraging for the Savannah region and the direction of the comprehensive regional university to further benefit the economy," Armstrong Interim President Jennifer L. Frum, Ph.D. said.