economic certainty 2008
DESCRIPTION
Brochure about UCF's economic impact on Central FloridaTRANSCRIPT
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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