New Study: UF Contributes More Than $16 Billion to the State’s Economy (UF News)

New Study: UF Contributes More Than $16 Billion to the State’s Economy

The University of Florida and related entities contributed $16.91 billion to the state’s economy in fiscal year 2017-2018, according to a newly released study on UF’s economic contributions.

These activities contributed $10.4 billion, or 1.1%, to the Gross State Product of Florida and supported 134,609 full- and part-time jobs, which amounts to 1.1% of the workforce in the state.

Technology developed and patented by UF researchers through UF Innovate | Tech Licensing and UF/IFAS offices brought in an estimated annual sales revenue of $1.34 billion for companies around the state. This technology spans from surgical appliances and supplies to botanical manufacturing.

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