{"id":132765,"date":"2026-01-26T23:05:08","date_gmt":"2026-01-26T23:05:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/132765\/"},"modified":"2026-01-26T23:05:08","modified_gmt":"2026-01-26T23:05:08","slug":"usf-economic-impact-reaches-nearly-10b","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/132765\/","title":{"rendered":"USF economic impact reaches nearly $10B"},"content":{"rendered":"

The University of South Florida<\/a> now generates nearly $10B a year in economic impact across Florida, including about $7B in Tampa Bay, according to a new report released Monday.<\/p>\n

The analysis based on fiscal year 2023-24 data estimates that USF generated $9.8B in added income statewide and $6.6B in the Tampa Bay region. <\/p>\n

The report frames the impact as resulting from workforce development research, alumni earnings and health care delivery operating at scale.<\/p>\n

READ: Rhea Law\u2019s lifetime bet on the University of South Florida<\/a><\/p>\n

Released as USF marks its 70th anniversary in 2026, the findings reflect how the university has evolved into a central piece of Tampa Bay\u2019s economic infrastructure rather than simply a large employer.<\/p>\n

\u201cThe numbers in the report are undeniably impressive, but as has been the case with every other major accomplishment at USF in recent years, this is really about our people,\u201d said USF Board of Trustees Chair Will Weatherford. \u201cOur students, faculty, staff, alumni, community partners and friends have long known what the rest of the country is quickly learning: There is no stopping Bulls Nation when we work together, and the Tampa Bay region, the state of Florida, and our nation are better for it.\u201d<\/p>\n

Talent and earnings<\/p>\n

The report highlights graduate outcomes as a major contributor to economic impact. <\/p>\n

USF said more than 80% of its graduates remain in Florida, contributing $7.3B in added income to the state economy and $3.9B in annual added income in Tampa Bay.<\/p>\n

READ: USF eyes 2027 launch for new real estate master\u2019s program<\/a><\/p>\n

USF also reported that its bachelor\u2019s degree graduates earn an average of $27,900 more per year than Floridians with a high school diploma or equivalent. <\/p>\n

The university said those earnings gains strengthen the regional workforce and help meet employer demand across health care technology and professional services.<\/p>\n

Research and innovation<\/p>\n

Research activity continues to expand. USF reported $738M in research funding in FY 2023-24, up nearly 7% from the prior year and up 35% since FY 2021-22. <\/p>\n

The university also reported a record $750M in research funding in 2025.<\/p>\n

The report notes that USF\u2019s research enterprise attracts external investment and supports high-skill jobs. <\/p>\n

For the 12th consecutive year, USF ranks among the nation\u2019s top 20 public universities for producing U.S. utility patents according to the National Academy of Inventors.<\/p>\n

READ: USF NEWS<\/a><\/p>\n

\u201cThe University of South Florida plays a vital role as an economic engine by preparing students for successful careers, driving innovation, supporting jobs and enhancing the overall quality of life for our communities,\u201d USF President Rhea Law said. \u201cUSF\u2019s impact extends far beyond the boundaries of our campuses, reflecting our commitment to fostering growth and opportunity across the Tampa Bay region and the state of Florida.\u201d<\/p>\n

Health care footprint<\/p>\n

Health care delivery also plays a significant role in the university\u2019s economic reach. <\/p>\n

USF Health reports more than 750 physicians and providers through the Morsani College of Medicine and more than 1 million patient encounters each year.<\/p>\n

USF cited recent investments, including the Bellini College of Artificial Intelligence, Cybersecurity and Computing, and the Global and National Security Institute. <\/p>\n

The university also pointed to its USF Health\u2013Tampa General Hospital partnership as an effort aligned with workforce demand and innovation.<\/p>\n

Regional perspective<\/p>\n

Local and statewide leaders said the findings reinforce USF\u2019s role in Tampa Bay\u2019s growth.<\/p>\n

\u201cUSF is one of the county\u2019s largest and most important economic engines with a truly remarkable upward trajectory and Hillsborough County is proud to have a long-standing partnership with the university,\u201d said Hillsborough County Commission Chair Ken Hagan.<\/p>\n

\u201cUSF is one of the most important economic engines in Florida and a key driver of high-skill, high-wage industry growth in the Tampa Bay region,\u201d said Craig J. Richard<\/a>, president and CEO of the Tampa Bay Economic Development Council.<\/p>\n

What comes next<\/p>\n

The report does not include two projects expected to expand USF\u2019s economic footprint in the coming years. <\/p>\n

Construction is underway on a 35,000-seat on-campus stadium scheduled to open in fall 2027. <\/p>\n

Phase one of the Fletcher District a 27-acre mixed-use development<\/a> north of Fletcher Avenue is expected to begin construction in 2026.<\/p>\n

\"AerialAerial rendering shows USF\u2019s planned on-campus football stadium and athletic complex on the east side of campus.<\/p>\n

The study was developed in partnership with Lightcast, according to USF.<\/p>\n

Stay Informed<\/p>\n","protected":false},"excerpt":{"rendered":"The University of South Florida now generates nearly $10B a year in economic impact across Florida, including about…\n","protected":false},"author":2,"featured_media":132766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[7143,113,6584,276,24426,135,1526,1703,52537,5758,3871,137,136,3650,1537,24429,40626],"class_list":["post-132765","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-economic-development","tag-education","tag-health-care","tag-hillsborough-county","tag-rhea-law","tag-tampa","tag-tampa-bay","tag-tampa-bay-business","tag-tampa-bay-business-news-and-top-stories","tag-tampa-bay-economic-development-council","tag-tampa-general-hospital","tag-tampa-headlines","tag-tampa-news","tag-university-of-south-florida","tag-usf","tag-usf-health","tag-workforce-development"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/132765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=132765"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/132765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/132766"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=132765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=132765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=132765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}