U N I V E R S I T Y
O F
U C F
S ciences
H ealth
C E N T R A L
F L O R I D A
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O R L A N D O
L a k e
N ona
College of Medicine E C O N O M I C
I M P A C T
The UC F Co lle ge o f Me d i ci n e, co mb i n e d w ith a life s c ie n ce s cl u ste r, by 2 01 7, co u l d create a n a d d i t i o n a l 3 0,0 0 0 j o b s a n d $7.6 Â b illio n in an n u a l e co n o mi c a cti v i ty.
R E P O R T
SEPTEMBE
R 2 01 0
UNIVERSITY OF CENTRAL FLORIDA
Economic Impact The College of Medicine, combined with a life sciences cluster, by 2017, could create:
30,000 jobs $459.9 million in annual tax revenue $2.8 billion in annual wages $7.6 billion in annual economic activity $7.6
Billions in Total Annual Economic Activity
8
$6.4 6
2006
2008
STUDY ESTIMATE
STUDY ESTIMATE
4
$5.2 2
CURRENT ANNUAL ECONOMIC ACTIVITY
Current activity generates 80 percent of the 2006 study’s estimated economic impact from the potential cluster.
0 Source: Arduin, Laffer & Moore Econometrics T h e U C F Co l l e g e o f M e d i c i n e ’s B u r n e t t S c h o o l o f B i o m e d i c a l S c i e n ce s i s w h e re t h e b e st a n d b r i g h te st gra duate st u d e n t s c a n c re ate to mo r row ’s c u re s.
C O L L E G E
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M E D I C I N E
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m edical
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U P D A T E
What Makes the Medical School Special?
T he S econ d Class of t he U C F Col l e ge of M e di c i n e at t h e W h i te Co at Ce re mo ny
Anchoring a medical city of world-class partners: The life sciences cluster forming includes the UCF College of Medicine, VA Medical Center, Sanford-Burnham Medical Research Institute, M. D. Anderson Cancer Center and Nemours. Beating a 10-year projection by eight years: In just two years, 80 percent of the 10-year economic activity projection from the 2006 Milken Institute study has been committed. Paying the government back: By 2011, government revenue generated by UCF and Burnham will exceed government expenditures. Investing while others are cutting back: The conservative estimate of investment being made in the medical city is $2 billion. Making history: The UCF College of Medicine is the first medical school in U.S. history to offer full four-year scholarships to an entire class. Breaking statewide records: Two years in a row, the college received more applications than any public medical school in Florida.
Attracting world-class faculty: The college has over 200 full-time faculty and staff members and more than 1,200 volunteer and affiliate faculty members and joint appointments. Impacting the economy: A 2008 economic impact study says, by 2017, up to 30,000 new jobs could be added, and up to $7.6 billion in annual economic impact. For every government dollar spent, up to $13.50 in economic activity could be generated. Opening on time: The College of Medicine’s Burnett Biomedical Sciences building and the Sanford-Burnham Medical Research Institute opened in 2009. The College of Medicine’s medical education building opened in June 2010. Producing up to 120 medical graduates a year: UCF is helping to address the physician shortage. Respecting the environment: The UCF College of Medicine medical education building at Lake Nona is expected to receive the Leadership in Energy and Environmental Design (LEED) silver certification.
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The College of Medic i n e m e d i c a l e d u c at i o n b u i l d i n g at the U CF Healt h Sc i e nce s C a m pus at L a ke N o n a
Lake Nona is a 7,000-acre masterplanned community located within the city limits of Orlando. The 600-acre Lake Nona Science and Technology Park includes one million square feet for an open-air town center with retail and office space.
L i fe Sciences Clus ter Forming • UCF Health Sciences Campus at Lake Nona—home to the College of Medicine medical education and Burnett Biomedical Sciences buildings • Sanford-Burnham Medical Research Institute • Orlando VA Medical Center • Nemours Children’s Hospital • M. D. Anderson Cancer Center Orlando Cancer Research Institute • Tavistock Group specialized laboratory facilities • University of Florida Research facility (pending)
www.m e d. u c f.e du