The University of South Florida's economic impact has been quantified, and the numbers are staggering. The institution's footprint rivals that of a major industry in Tampa Bay, driving jobs, talent, and research activity statewide. In Fiscal Year 2023-24, USF generated $9. 8 billion in added income statewide, with $6. 6 billion of that total concentrated in the Tampa Bay region. This regional impact accounts for approximately 2% of Tampa Bay's gross regional product and supports an estimated 76,649 jobs, surpassing the economic footprint of the entire utilities industry in the region. The university's research enterprise is a significant contributor to its economic impact, with $738 million in research funding received during FY 2023-24. This represents a 35% increase since FY 2021-22 and a record $750 million in research funding in 2025. USF's commitment to producing talented graduates is evident, with over 80% of students hailing from Florida and the majority remaining in the state after graduation. The alumni workforce generated an estimated $7. 3 billion in added income statewide, with bachelor's degree recipients projected to earn nearly $28,000 more annually than Floridians with only a high school diploma. The university's leadership
The economic footprint of the University of South Florida now rivals that of a major industry in Tampa Bay , according to a new report that portrays...Related perspectives: Check here
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