Office of Vice President and
Chief of Staff
Florida Gulf Coast University
10501 FGCU Blvd S.
Fort Myers, FL. 33965-6565
Phone: (239) 590-1005
Fax: (239) 590-1066
FGCU Releases Economic Community Impact Study for Academic Year 2012-2013
FORT MYERS, Fla. - This study provides estimates of Florida Gulf Coast University's (FGCU) overall economic impact on the Southwest Florida economy for academic year 2012-2013. These include operational and capital expenditures by the University as well as student expenditures.
The overall economic importance of FGCU to Charlotte, Collier, Glades, Hendry, and Lee Counties for the most recent fiscal year of 2012-2013 was:
* $422 million in overall expenditures;
* 3,723 jobs created; and
* $154 million in labor income.
This includes direct expenditures by the University and students plus the indirect and induced spending by households and businesses. The University and student spending impact a wide range of industries and employment in our area. Approximately 150 business types showed expenditure and employment increases. These included real estate (renting, leasing, development, management, purchasing, and selling), food and beverage service, doctor and dentist services, wholesale trade, services to buildings and dwellings, food and beverage stores, entertainment, investment firm services, retail stores, legal services, motor vehicle and parts dealers, performing arts, hotels and motels, postal service, architectural and engineering services, accounting services, dry cleaning and laundry services, and construction-related industries. The University's growth will result in growing and continuing economic benefits to the Southwest Florida region and to Florida as a whole.
FGCU is a comprehensive University (undergraduate and graduate education) created to address the educational needs of the rapidly-growing Southwest Florida population. The University opened its doors in August 1997 to just over 2,500 students. Since its opening, the University has experienced tremendous growth in its student body and its infrastructure that have resulted in direct and indirect economic impacts on the region. Student enrollment was over 14,250 students for fall 2013 and is projected to have more than 17,300 students for academic year 2017-2018.
Over the years, FGCU has developed student dormitories, athletics, and a strong focus on achieving national prominence in undergraduate education with increasing recognition of selected graduate programs and applied research. FGCU has pursued academic excellence, gaining national recognition and prominence for many of its programs. The University mission promotes environmental sustainability, embraces diversity, nurtures community partnerships, values public service, encourages civic responsibility, and cultivates habits of lifelong learning. The advancement of knowledge is at the heart of the University's purpose.
The number of bachelor's degrees awarded in 2012-2013 was 1,873, while the master's degrees granted increased from 31 in 1997-98 to 334 in 2012-13. FGCU began awarding doctoral degrees in 2010-2011 with 19 degrees and awarded 32 doctoral degrees in 2012-2013. The University offers over 80 different degree programs to meet the needs of students, employers, and the community.
Florida Gulf Coast University is dedicated to providing a student-centered learning environment that offers the highest quality educational opportunities for the development of the knowledge, insights, competencies, and skills necessary for success in life and work. Call us at 1-800-590-3428 or visit our website at www.fgcu.edu.
For more information, media representatives should contact Gary Jackson, Director, Regional Economic Research Institute at (239) 590-7319.