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