A recent economic impact report reveals that the University of South Florida (USF) generates nearly $10 billion annually across Florida, with $7 billion of that total concentrated in the Tampa Bay region. This substantial figure underscores USF's role as a powerful economic engine, both locally and statewide. The report, based on fiscal year 2023-24 data, highlights USF's positive net impact in several key areas, including workforce development, research innovation, healthcare, and alumni productivity. USF Board of Trustees Chairman Will Weatherford attributes the university's success to its people, stating, "The numbers in the report are undeniably impressive, but... this is really about our people." The university's research enterprise is a significant contributor to its economic impact, attracting external investment and supporting high-skill jobs and innovation-driven growth. Notably, USF ranks among the nation's top 20 public universities for producing U. S. utility patents for the 12th consecutive year, according to the National Academy of Inventors. For more information on USF's economic impact, visit the interactive website accompanying the report. The University of South Florida's website (usf. edu) provides valuable information on the university's initiatives and achievements.
The University of South Florida today shared results from a new report that assesses the impact of the university on the regional and state economy.Related perspectives: Visit website
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