A recent study reports that the University of Florida’s economic impact on the state has increased over the past year. U-F’s impact has come primarily from the sports and medical industries. U-F Extension Scientist, Alan Hodges, says he doesn’t believe budget cuts will affect the school’s impact.
“The budget cuts that we’ve had in the past three years are reflected here, but the University has been very successful in garnering resources from other places- the federal government and private funding- that has more than offset those budget cuts from state government,” he says.
The study also found that spin-off companies from the university are also providing thousands of job’s to Florida’s work industry.