Home » New study finds USF’s economic impact rises to more than $6 billion annually

New study finds USF’s economic impact rises to more than $6 billion annually

by The 100 Companies

A new study has found that the University of South Florida generates an annual economic impact of $6.02 billion across the Tampa Bay area and the state of Florida.

Based on 2019-2020 fiscal year data, the study also found that for every $1 of state funding, the university helps generate more than $14 in economic output.

USF-related direct spending, together with ripple effects, supports 68,704 jobs in Florida in high-skill, high-wage, knowledge-based industries. And, with more than 16,000 employees, USF is the 14th largest public employer in Florida.

USF President Rhea Law called the university a “powerful engine of prosperity.”

– Kelly Hayes, The Tampa Bay 100

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The St. Pete 100