ERIC Number: ED403820
Record Type: Non-Journal
Publication Date: 1996-Dec
Reference Count: N/A
The Impact of Independent Colleges and Universities of Florida on the State Economy: Fiscal Year 1995. Research and Planning Report 96-16.
MacFarland, Thomas W.
This study estimated the impact of the 22 members of the Independent Colleges and Universities of Florida (ICUF) on the state economy. Using data reported annually by 20 of the 22 institutions to the U.S. Department of Education and a standard input-output economic impact model with a conservative 1.8 multiplier, the study found that ICUF institutions contributed approximately $1.9 billion to the Florida economy during fiscal year 1994-95. Using a 2.2 multiplier, it was estimated that ICUF institutions contributed approximately $2.3 billion to Florida's economy in 1994-95. ICUF institutions employed over 10,000 full-time and part-time employees during 1994-95, and economic activity associated with the 22 institutions created nearly 94,500 jobs in various industries throughout the state. State and local grants to ICUF institutions in 1994-95 totaled less than $30 million. Data on ICUF institution income, expenditures, and assets are included. An appendix contains additional tables and figures. (Contains 23 references.) (MDM)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Nova Southeastern Univ., Fort Lauderdale, FL.
Identifiers - Location: Florida