economic certainty 2008
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DESCRIPTIONBrochure about UCF's economic impact on Central Florida
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 nations fastest growing universities is in one of the fastest growing cities.
Under president john Hitts 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 regions success by assessing the communitys 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, nasas 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 outof-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 projectsfrom 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 states 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
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 UCFs 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 worlds 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 regions 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.
2. molecular biology & microbiology
3. Hospitality management
2. new York
3. new jersey
StuDEntS CoME fRoM:
uCf College of Medicine
the College of medicine is projected to be a permanent
contributor to orlandos 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
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 worlds 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 Childrens Hospital are planned for the medical city.
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
UCFs top research centers including the world-famous
Creol (Center for research and education in optics
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 masters degree in
these partnerships and others bring money and
jobs to the region and the state while creating more
opportunities for the universitys 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 aggr