Economic Impact

Last year, private companies licensing technology from the University of Florida infused nearly $2.3 billion into the state of Florida economy and accounted for the employment of more than 10,600 people.

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$12.56 Billion

$12.56 Billion

In industry output or sales revenues. UF's impact statewide is similar to the direct output or employment of: the state's trucking industry, its grocery food store sector and all home construction activities in Florida. 

UF's overall economic impact has grown despite the challenge of the recession, and both direct employment and student enrollment remained relatively unchanged at UF since 2009-2010.

Statewide Impact

$5.01B

UF's total revenue sources in 2014–2015

66.7%

UF's revenue from non-state sources

33.3%

UF's revenue from state sources

Returns on Investment

In 2015, the value of research awards to Preeminence faculty hires was more than three times their paid salaries & benefits.

Preeminence ROI
Returns on Investment
UF's Effect on the Sunshine State

UF's Effect on the Sunshine State

The university contributed $7.83 billion to the State Gross Domestic Product, generating 135,576 full- and part-time jobs.

Technology Licensing from UF

Technology Licensing from UF

The University of Florida infused $2.3 billion into the Florida economy, and accounted for 10,600+ jobs.

UF's Economic Boost to North Florida

UF's Economic Boost to North Florida

UF attracted four million people who attended educational, cultural, health care and athletic events sponsored by the university. These attendees spent $253 million.

“UF’s activities are very diverse, going beyond its education, research and service missions to encompass tourism, economic development and job creation to benefit the state.”

— Alan Hodges, UF/IFAS economist