Based on Fiscal Year 2023-24 data, the analysis estimates USF generated $9.8 billion in added income statewide, including $6.6 billion in the Tampa Bay region. The report highlights the cumulative effect of USF’s operations, research enterprise, health system, student spending and alumni workforce. Bachelor’s degree recipients from USF are projected to earn nearly $28,000 more annually than Floridians with only a high school diploma. Health care further amplifies USF’s economic reach. University officials said both projects are designed to generate long-term economic benefits for Tampa and Hillsborough County.