USF Research Foundation

Innovation Enterprise Economic Impact

Report: USF’s Innovation Enterprise Infuses $582 Million Yearly into Florida’s Economy

The economic impact of the University of South Florida’s innovation efforts have grown at a rapid pace, increasing by more than 45% over three years (2016- 2019) to $582 million annually, according to analysis by the Washington Economics Group.

The Miami-based consulting firm reports the upward trajectory of the USF innovation enterprise continues to support and strengthen the economic development strategy of the Tampa Bay region and Florida’s growing economy.

The Washington Economics Group analyzed the productivity of the USF Research Park; the university’s Technology Transfer Office, which manages new inventions from USF faculty and students; and USF’s Tampa Bay Technology Incubator, which is overseen by the USF Office of Corporate Partnerships. Learn more about the report’s key takeaways.

Infographic: USF's Innovation Enterprise
Significant and Growing Economic Impact (PDF)

2019 Economic Impact Report (PDF): Washington Economic Group's Comprehensive Economic Impact Report for 2019 of USF's Innovation Enterprise on the Tampa MSA and the State of Florida