ERIC Number: ED403814
Record Type: Non-Journal
Publication Date: 1995-Jan
Reference Count: N/A
The Impact of Nova Southeastern University on the South Florida Economy. Research and Planning Report 95-03.
MacFarland, Thomas W.
This study used a standard deterministic input-output economic impact model to estimate the impact of Nova Southeastern University (NSU) on the South Florida economy. After application of a conservative 1.8 multiplier, it was determined that NSU and its many faculty, staff, students, and guests contributed over $217 million to the South Florida economy during fiscal year (FY) 1994. Although the university is best known for its distance education programs, nearly 80 percent of NSU's budget remained in South Florida, contributing to the local economy as the money was spent and respent. NSU made direct expenditures of nearly $71 million in Broward County alone in FY 1994. Nearly 75 percent of the university's students are Florida residents, with nearly 30 percent permanent residents of Broward County. On January 1, 1994, Nova University merged with Southeastern University of the Health Sciences to form NSU. Construction of a new $40 million Health Professions Division complex began on NSU's Davie campus in Fall 1994, contributing to the university's expected growth in enrollment and impact on the South Florida economy. (Contains 16 references.) (MDM)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Nova Southeastern Univ., Fort Lauderdale, FL.
Identifiers - Location: Florida