Economic Impact Analysis
As it approached its fifth year, the CTSI commissioned an economic impact analysis by the UF Bureau of Economic and Business Research to assess the CTSI’s impact on researcher productivity and success and economic activity in the state. The analysis, completed in June 2013, showed substantial increases in investigator productivity following affiliation with the CTSI, measured by increases in external funding (310%), publications in top 100 journals (41%), and patent filings (38%) from 2009-2012. The analysis also found that every $1 of CTSI operating expenditures helped spur an additional $11 in external funding, increasing the CTSI’s impact on regional employment and economic activity accordingly. In total, from 2008-2012, spending on CTSI operations supported an estimated 8,351 person years of employment and $1.1 billion in economic activity in Florida.
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