“In a time of declining economic activity around the globe, Central Florida has a proven economic engine in the UCF College of Medicine and medical city at Lake Nona,” UCF President John Hitt said. “This development is a powerful demonstration of our city, counties and state partnering with an entrepreneurial public university for the public good.”

The new figures are based on current and future commitments to the medical school and the life-sciences cluster developing at Lake Nona, now known throughout Central Florida as the medical city. The study shows that in just two years, UCF and the medical city have already achieved 80 percent of the economic impact originally projected for 2017.

“History has shown that successful biotech hubs have at their core a medical school, which drives scientific exchange and the pursuit of knowledge. The presence of the UCF medical school was an extremely important factor in our decision to locate our East Coast campus at Lake Nona,” says Dr. John Reed, M.D., president and CEO of the Burnham Institute for Medical Research.

For more information, visit https://med.ucf.edu/.