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    Food and Resource Economics Department

    Food and Resource Economics Department

Economic Contributions of the University of Florida and Related Entities in 2017-18

Summary

The University of Florida (UF) is one of the largest public universities in the United States and has operations throughout the State of Florida. The economic contributions of UF and related entities to the State of Florida and Alachua County, Florida were estimated for fiscal year 2017-18 using data on employment, revenues, and expenditures associated with university operations, construction, healthcare services and other direct-support organizations, student spending, visitor spending, and technology licensing companies, together with regional economic models that capture the direct, indirect, and induced multiplier effects of economic activity in the region.

A total of 55,862 undergraduate, graduate, and professional students were enrolled in the fall semester of 2017. There were 15,450 bachelor’s, master’s, doctoral, and professional degrees awarded by 16 colleges during the 2017-18 academic year. Total student spending in 2017-18 was $1.12 billion. UF has 30 affiliated organizations (direct-support organizations) for grantmaking, healthcare, and other supporting services, with over 16,000 employees. There were 67 active companies licensing UF technologies in Florida with over 2,200 employees. A total of 2.35 million visitor-days by nonaffiliated visitors (not students or staff) to UF for athletic, academic, and cultural events and healthcare services, with travel spending of $480 million.

Total revenues or applicable expenditures made within the state for UF and affiliated organizations were $8.98 billion, including $2.72 billion for university operations, $1.34 billion for technology licensing companies, $3.87 billion for healthcare and other direct-support organizations, $686 million for student spending, $306 million for campus visitor spending, and $50.1 million for construction. UF and related entities had direct employment of 65,323 jobs, and total employment contributions of 134,609 fulltime and part-time jobs in Florida including regional multiplier effects, which represented 1.1 percent of the state workforce in 2017. The total industry output or revenue contributions were estimated at $16.91 billion, including $5.25 billion for university operations, $8.25 billion for direct-support organizations, $2.47 billion for technology licensing companies located in the state, $562 million for visitors, $277 million for student spending, and $94 million for construction. Total value added contributions of $10.40 billion represented 1.1 percent of the Gross State Product (GSP) of Florida in 2017. Labor income contributions to employee compensation and proprietor income amounted to $6.99 billion, property income contributions were $2.86 billion, and business tax contributions to local, state and federal governments were $550 million.

In Alachua County, Florida, where the main UF campus is located, total economic contributions in 2017-18 were estimated at 93,764 jobs, $10.28 billion in industry output, and $6.46 billion in value added. These contributions represented 54 percent of total county employment, and 49 percent of county-level gross regional product (GRP) in 2017.

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Suggested Webpage Citation:

Hodges, A.W., Stair, C., & Court, C.D. (2019, September). Economic Contributions of the University of Florida and Related Entities in 2017-18. UF/IFAS Economic Impact Analysis Program, Food and Resource Economics Department, University of Florida. Retrieved [date] from https://fred.ifas.ufl.edu/extension/economic-impact-analysis-program/publications/2017-2018-university-of-florida-related-entities/