ERIC Number: ED476667
Record Type: Non-Journal
Publication Date: 2001-May
Reference Count: N/A
An Estimate of Nova Southeastern University's Economic Impact on South Florida and Florida for Fiscal Year 2000 (07/01/99 to 06/30/00).
MacFarland, Thomas W.
The Office of Research and Planning at Nova Southeastern University had previously estimated that Nova Southeastern University had nearly a $218 million economic impact on South Florida during fiscal year 1994. This study replicated the methods used for the prior estimate to update the economic impact estimate for fiscal year 2000 (07/01/99 to 06/30/00). To offer context to the need for this update, it is useful to note that income grew by 89% from fiscal year 1994 to fiscal year 2000, and expenses grew by 86% from fiscal year 1994 to fiscal year 2000. Based on study methodology and the subsequent use of a conservative multiplier (2.00) for South Florida and an equally conservative multiplier (2.60) for Florida, it has been determined that Nova Southeastern University provided a $464.8 million impact on the South Florida economy during fiscal year 2000, and the University provided a $731.1 million impact on Florida's economy during fiscal year 2000. This finding represents a 114% increase in economic impact on South Florida's economy from fiscal year 1994 to fiscal year 2000. Future iterations of this methodology should attempt to find additional sources of data that would further document the University's importance to the region. (Contains 5 tables and 94 references.) (SLD)
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: Nova Southeastern Univ., Ft. Lauderdale, FL. Research and Planning.