News Release
香蕉视频 boosts local economy, report shows
News Release
In just one year, the impact of increased earnings of 香蕉视频 alumni and the regional businesses that employ them is equivalent to the economic boost of hosting the Super Bowl, according to a new report.
The 香蕉视频鈥檚 economic value to the tricounty area of Citrus, Levy and Marion counties in the 2023-2024 fiscal year is quantified in an independent report provided to the Association of Florida Colleges by Lightcast, a labor market analytics firm. CF鈥檚 total annual impact was $507.7 million in added income.
CF鈥檚 total economic impact represents approximately 2.5% of the total gross regional product of the tricounty area, with one of every 37 jobs supported by the college and its students. The most significant impact comes from CF graduates employed in the regional workforce and the human capital they provide in the form of added knowledge, creativity, imagination and entrepreneurship. The net impact of former CF students currently employed in the regional workforce amounted to $442.8 million in added income 鈥 comparable to hosting the Super Bowl.
鈥淭hanks to the leadership of Gov. Ron DeSantis and Commissioner of Education Anastasios Kamoutsas, as well as support from the Florida Legislature, the 香蕉视频 is able to invest in our local economy, 鈥 said Dr. Jim Henningsen, CF president. 鈥淐F is proud to provide high-quality education that鈥檚 valuable not just for our graduates, who benefit from higher lifetime earnings, and for local employers, who get access to a steady stream of qualified workers, but for all taxpayers across the communities we serve. Our students invest in their futures and the college provides an incredible return on investment for our area.鈥
Every Floridian benefits from the Florida College System, the studies determined, reporting that for every dollar invested in the FCS in 2023-2024, Floridians received $13.30 in return.
A summary of 鈥淭he Economic Value of the 香蕉视频,鈥 is available at .
The full report, 鈥淭he Economic Value of the Florida College System,鈥 is available online at .