Community Relations: Economic Impact of the University of Florida
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Economic Impacts of the University of Florida in 2005-06, compiled by Alan W. Hodges, W. David Mulkey and Thomas J. Stevens, University of Florida, Food & Resource Economics Department, revised 4-19-07.
Economic Impact of the University of Florida on the State of Florida (
520KB)
Alan Hodges, David Mulkey, and Tom Stevens, 2007 (18 pages)
- Total spending, excluding certain non-cash transactions such as depreciation, amounted to $4.35 billion, of which $3.85 billion was spent within the state of Florida, and of this amount $1.66 billion was from sources outside the state.
- Spending for University operations amounted to $431 million, including $95 million for professional services, $61 million for supplies m and $47 million for utilities.
- Student spending amounted to $630 million, with $252 million for off-campus housing, $135 million for food and beverages, $33 million for clothing, and $23 million for transportation
- Spending by campus visitors not affiliated w/ the University amounted to $112 million, w/ $74 million for campus attractions and academic events - such as O'Connell Center Concerts and Commencement, Phillips, Baughman Centers, University Auditorium, Family Weekend, UF Conferences, Preview for freshmen, transfers and family. (This is not an exhaustive list)
- Employment is another measure of economic impact. Total direct employment at the University of Florida in the fall semester of 2006 was 20,156, including 12,373 permanent employees in faculty and staff positions. The two largest direct support organizations, the University Athletic Association and the UF Foundation had 776 employees. Altogether, total direct employment at UF and affiliated organizations was nearly 34,000 jobs.
- The vast majority of employees (21,098) reside in the Gainesville region.
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