An internal report by UCF said the state’s GrowFL economic devlopment program created several thousand jobs and added hundreds of millions to the state economy in two years – fiscal years 2012-13.
Here’s some of the numbers from the study, completed by an assistant director at UCF’s Office of Research & Commercialization:
– 3,745 net new jobs
– $587 million added to Florida’s economy
– $20 million more in state and local tax revenues.
– $2.61 million in state, local and private sector funding
– $7.58 return on investment for every dollar
Other numbers from recent GrowFL reports:
– 82 percent of GrowFL funding came from the state since 2009
– 13,493 state jobs in companies that are part of the program, as of June 2013
GrowFL focuses on existing companies with 10 to 99 employees and between $1 million and $50 million in annual revenue. Tom O’Neal, executive director of GrowFL and associate VP of research & commercialization at UCF, said in a news release the numbers are accomplishments to be proud of.
The GrowFL program, started by the legislature in 2009 at UCF, was expanded statewide in partnership with the Edward Lowe Foundation and the National Center for Economic Gardening. Central Florida companies that used the program’s services include Envirobrite, a Sanford manufacturer of retrofit lighting kits forused on energy efficiency; Germfree, an Ormond Beach manufacturer of biosafety equipment; and First Green Bank of Mount Dora.