Economic cErtainty

T H E E C O N O M I C I M P A C T O f T H E U N I V E R S I T Y O f C E N T R A L f L O R I D A

H o w U C F d e l i v e r s t H o U s a n d s o F j o b s a n d

b i l l i o n s o F d o l l a r s i n e C o n o m i C i m p a C t

Great things happen when one of the nation’s

fastest growing universities is in one of the fastest

growing cities.

Under president john Hitt’s leadership, enrollment

at UCF has doubled, research funding has tripled,

and the number of doctoral degrees awarded each

year has quadrupled.

together UCF and orlando attract some of the

brightest minds and innovative companies. people

may come here for the mild weather, but they stay

for the variety of educational, entertainment and

work opportunities.

UCF contributes to the region’s success by

assessing the community’s needs and building

programs to meet those needs. programs built

from shared goals range from business to

medicine and from science to digital media.

but our contribution to Central Florida does not

end there.

How UCF delivers thousands of jobs and billions of dollars in economic impact

Unless otherwise noted, data is from fiscal year 2007 or the most current as of this printing.

Tom Ackert, ’92 director, orange County Convention Center

James Atchison, ’92 General manager, sea world orlando

Ken Bradley, ’85 Ceo Florida Hospital, winter park

Olga Calvet, ’71 vice president/CFo, palmas, inc.

Lee Constantine, ’74 Florida senator

Bill Cowles, ’76 orange County elections Commissioner

Rich Crotty, ’72 Former state senator/ Currently orange County mayor

Karl Hodges, ’82 vice president, strategic development, orlando regional Healthcare system

Jim Hunt, ’77 vice president/CFo, walt disney

Mark McHugh, ’98 Ceo & president, Gatorland

William Parsons, ’93 director, nasa’s Kennedy space Center

Rick Walsh, ’77 president, KnobHill Group

Al Weiss, ’76 president, worldwide operations, walt disney parks and resorts

Major Employerthe spirit and strength of any community rests with its citizens’ ability to get and keep jobs. UCF, the seventh-largest employer in the region, is proud of its role for impacting more than 25,000 jobs. these jobs and related activity add $2 billion to our economy.

UCF and its neighbor, the Central Florida research park, affect more than 46,000 jobs and have an economic impact of $3.8 billion.

many of the 10,000 employees in the research park work with UCF researchers and students on projects in the sciences, engineering, photonics and optics, modeling and simulation, and health-related fields, high-paying jobs in high demand industries.

Educated Workforcewith 91,747 alumni living in Central Florida, UCF produces a cadre of educated alumni who live, work and pay taxes in Florida.

UCF offers hundreds of majors to ensure a diverse, educated community and skilled employees. our students become teachers, firefighters and police officers. and nurses and doctors. and business leaders and scientists.

each year UCF graduates 10,000 students. many stay and enter the workforce armed with an education that translates into greater earning power. some go out–of-state, adding to the growing national reputation of UCF and orlando.

UCF professors also help and work side-by-side with the community on joint projects—from helping underprivileged children to read to protecting the environment and from developing health-care solutions to alternative energy solutions.

Regional Campus Workforce Developmentstretching across seven Florida counties, UCF and its 11 regional campuses work with local community colleges to provide customized programs close to where students and residents live and work.

Strong research institutions that serve their regions will advance our state’s shared economic goals.

UCF president joHn C. Hitt

DiReCT iMPACT inDiReCT iMPACT inDuCeD iMPACT TOTAL iMPACT

uCF $589 million $206 million $600 million $1.39 billion

uCF Student $235 million $70 million $265 million $570 million

Research Park $1.14 billion $43 million $699 million $1.88 billion

Total $3.84 billion

iMPACT On eMPLOyMenT FY ’07

iMPACT On OuTPuT FY ’07

DiReCT iMPACT inDiReCT iMPACT inDuCeD iMPACT TOTAL iMPACT

uCF 8,996 1,989 6,534 17,519

uCF Students 4,308 744 3,104 8,156

Research Park 10,250 535 9,920 20,705

Total 46,380

Source: Dr. Sean Snaith, Director, UCF Institute for Economic Competitiveness

Since 1968 UCF has produced engineers and computer scientists

for industries involved in defense, aerospace or construction.

today UCF’s reach is worldwide in areas like simulation and

training, and optics and lasers. and in 2009, we will admit students

to the new College of medicine. these students join UCF scientists

already solving issues related to cancer and cardiovascular,

infectious and neurological diseases.

orlando does a brilliant job of capturing the worldwide tourism

market. UCF capitalizes on being home to the world’s largest

industry with the UCF rosen College of Hospitality management.

the rosen College is the largest, most modern facility ever built for

a hospitality management program.

UCF knows that a region’s economic stability can hinge on its

ability to withstand natural ups and downs, to minimize the

downturns and maximize the upturns, and to innovate and grow.

and with more than 200 areas of study, UCF is contributing to the

creativity and vitality of the region.

5

1. psychology

2. molecular biology

& microbiology

3. Hospitality

management

4. biology

5. Finance

StuDEntS StuDY:

TOP

5STATES

1. Florida

2. new York

3. new jersey

4. pennsylvania

5. massachusetts

StuDEntS CoME fRoM:

uCf College of Medicine

the College of medicine is projected to be a permanent

contributor to orlando’s economy. according to a milken institute

study, the college will more than pay for the state investment by

year 10 with the creation of 6,470 jobs, wages of $517 million and

a total economic impact of $1.4 billion.

a life sciences cluster and the UCF College of medicine combined,

according to the milken study, could create an additional 25,730

jobs, $2.3 billion in wages and $6.4 billion in economic activity by

year 10.

soon the College of medicine and the burnham institute will be

neighbors at lake nona, bringing together some of the most

innovative researchers in the world. the health sciences city

will provide the facilities and foster a collaborative spirit where

scientists and researchers from burnham will join the UCF College

of medicine and its burnett school of biomedical sciences to

solve some of the world’s greatest health challenges.

The medical city at Lake Nona includes:

the UCF College of medicine and

medical library, burnett school of

biomedical sciences, UCF College

of nursing, and departments from

the UCF College of Health and

public affairs.

the burnham institute is building

a 300-person research laboratory

to focus on cancer, neuroscience

and aging, and infectious and

inflammatory diseases.

the University of Florida plans to

build a 50,000-square-foot joint

research facility with burnham.

a new $560 million orlando va

medical Center and a new nemours

Children’s Hospital are planned for

the medical city.

Partnership university

strong relationships and a shared vision lead to

successful partnerships. and UCF has solid relationships

with Central Florida built on mutual respect and

shared goals. outstanding relations made it possible to

receive commitments of $114 million for the College of

medicine, to build the bright House networks stadium,

and to earn more than $17 million in business from the

department of defense last year.

working with organizations like the metro orlando

economic development Commission, orange County

and the City of orlando led to successful projects

including a venture lab, a small business development

Center, a entrepreneurship Center and a jet blue

training center, to name a few.

partnerships were key to the formation of many of

UCF’s top research centers including the world-famous

Creol (Center for research and education in optics

and lasers).

partnership activity also contributed to the formation of

the Florida High tech Corridor. the corridor focuses on

growing the high-tech industry in a 23-county region.

since its inception in 1996, the corridor has partnered

with more than 275 companies on 800 research

projects and has invested $52 million.

a partnership with local and state organizations and

electronic arts, creators of madden nFl, led to the

creation of the UCF Florida interactive entertainment

academy, which provides a master’s degree in

interactive entertainment.

these partnerships and others bring money and

jobs to the region and the state while creating more

opportunities for the university’s students, faculty,

alumni and community members.

VIDEO: College of medicine

Groundbreaking

UCF researchers attract more than $100 million annually.

these dollars help to strengthen and diversify the local

and state economy. last year, a record $121 million came from

federal, state and industry partners.

the work it inspires does not sit on a dusty shelf. UCF aggres-

sively pushes the work from the laboratory to the marketplace.

UCF promotes economic development in the region by aiding in

the transfer of technology and business skills between university

and industry teams. From nanoscience to optics and photonics,

from simulation and training to forensic science, we work

together to develop new technologies with mutual objectives.

In 2006, UCf earned 20% of all patents awarded to

florida universities

Research advances our understanding of the world and benefits our economy, both of which make our lives better.

UCF president joHn C. Hitt

1. College of education $ 21.1 million

2. College of engineering and Computer science $ 20.9 million

3. College of optics and photonics $ 16.2 million

4. College of sciences $ 9.3 million

5. College of medicine,

burnett school of biomedical sciences $ 7.7 million

in ReseaRch DollaRs

UCF COLLEGES

$1 3 0 M —

$1 2 0 M —

$1 1 0 M —

$100 M —

$ 90 M —

$ 80 M —

$ 70 M —

$ 60 M —

$ 50 M —

$ 40 M —

$ 30 M —

$ 20 M —

$ 10 M —

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

$ 36.5$ 37.5

$ 52.8

$ 64.9

$ 75.4

$ 88.8

$ 82.8

$103.6 $104.3

$121.4

uCF Office of Research and Commercialization

uCF Technology incubator

uCF Office of Technology Transfer

Center for entrepreneurship and innovation

uCF Orange County Venture Lab

uCF Small Business Development Center

Disney national entrepreneurship Center

Small Business Advisory Board Council

uCF university economic Development

institute for economic Competitiveness at the uCF College of Business Administration

10-yeAR ReSeARCH FunDinG HiSTORy 1998-2007

The following UCF departments assist Central Florida companies with starting, managing and growing their businesses, contributing to a stronger, more diverse economy.

UCF students and faculty go beyond the classroom to reach

out, mentor and share in the spirit of a true metropolitan

university. student volunteers reach 24,000 children in at-risk

schools with more than 1,000 students volunteering. more than

2,000 business students volunteer more than 80,000 hours

and contribute $1 million in economic aid to local, national and

international nonprofit organizations as part of their service-

learning experience.

the co-op program at UCF is the largest cooperative education

program in the southeast with 19,000 students participating

in co-op, internships, practica, clinicals, senior design and

undergraduate research.

why do we do this? the reward for UCF is not what we get out

of it, but what we become from it—a better community partner

and a better university.

U C F b y t h e N U m b e r S

• sixth-largest university in the nation

• second-largest undergraduate enrollment in the nation

• thirty-seventh largest graduate school in the country

• second-largest number of national merit scholars in the state (first time in college)

• 10,000 students graduate annually

• 170,000 degrees awarded

• 95,000 UCF graduates living and working in the region

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UCF draws from and proudly contributes to Central Florida. From hospitality to health care, and from science to stage, UCF is a cornerstone in both the region’s growth and identity.

www.ucf.edu

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