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Seminole County – Colleges/Universities 2023-2024

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Universities play a crucial role in shaping local economies by driving employment, fostering business growth, attracting investment, and enhancing the overall quality of life in their host communities. Their economic impact extends beyond direct spending to include long-term benefits such as workforce development, innovation, and cultural enrichment. Below, we explore the key ways in which a university influences a local economy.

  1. Direct Employment and Spending A university is often one of the largest employers in a local area, providing jobs for faculty, administrative staff, maintenance workers, and other professionals. These employees spend their salaries on housing, groceries, transportation, and entertainment, injecting money into the local economy. Additionally, universities spend significant amounts on construction, utilities, and local services, further stimulating business activity.

    Students also contribute to local spending. Many bring outside money into the community through tuition payments, federal aid, and personal expenditures on rent, food, and retail. A large student population can sustain businesses such as bookstores, coffee shops, restaurants, and housing providers.

  2. Business Development and Entrepreneurship Universities often serve as hubs for innovation and entrepreneurship. Research institutions, business incubators, and technology transfer offices help commercialize academic research, leading to startup formation and industry partnerships. For example, Stanford University's role in Silicon Valley's growth demonstrates how academic institutions can spur regional economic development.

    Local businesses benefit from university partnerships, including procurement contracts for supplies, catering, and maintenance services. Furthermore, universities attract conferences, sporting events, and cultural activities that generate tourism revenue for hotels, restaurants, and transportation services.

  3. Human Capital and Workforce Development A well-educated workforce is essential for economic competitiveness. Universities produce graduates with specialized skills that attract high-paying industries, such as technology, healthcare, and finance. Many graduates remain in the area, filling critical roles in local businesses and government.

    Universities also offer continuing education programs, professional certifications, and workforce training initiatives that help upskill local employees, making the regional labor market more adaptable to industry changes.

  4. Real Estate and Infrastructure Growth The presence of a university can drive demand for housing, both from students and faculty. This often leads to the development of new apartments, condominiums, and mixed-use commercial spaces. Over time, universities contribute to urban revitalization by investing in campus expansions, public transit improvements, and community amenities like libraries and parks.

    However, rapid growth can also lead to challenges, such as rising housing costs and gentrification, which may displace long-term residents. Local governments must balance economic expansion with policies that ensure affordable housing and equitable development.

  5. Cultural and Social Contributions Beyond economics, universities enrich local culture through arts programs, public lectures, and athletic events. These activities improve residents' quality of life, making the area more attractive to businesses and skilled workers. A vibrant university town often sees increased property values and a more diverse, engaged community.


Conclusion

The economic impact of a university on a local economy is multifaceted, encompassing job creation, business growth, talent development, and infrastructure investment. While challenges such as affordability and displacement must be managed, the long-term benefits-including innovation, increased tax revenues, and a more dynamic workforce-make universities vital engines of regional prosperity. By fostering collaboration between academia, government, and industry, communities can maximize these advantages while ensuring inclusive growth.
 
City College-Altamonte Springs
Beacon College  
Universal Technical Institute-Auto Motorcycle & Marine Mechanics Institute Division-Orlando  
Florida Institute of Technology-Online  
Southern Technical College  
AdventHealth University  
Bethune-Cookman University  
Rollins College  
Stetson University  
Lake-Sumter State College  
Ana G. Mendez University  
Florida Institute of Technology  
Embry-Riddle Aeronautical University-Daytona Beach  
Daytona State College  
Embry-Riddle Aeronautical University-Worldwide  
Eastern Florida State College  
Seminole State College of Florida  
Full Sail University  
Valencia College  
University of Central Florida  
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
40
34

46,570
22,663

69,233
43
9
8
29
0
0
5
1
5

59,470
1
86
14
0

9,763

29

6,368
6,368
6,368
6,368


24,668
24,668
40,767

24,668
24,668
40,767

12,598
12,598
28,697

778
14,770
2,887
324
229
0

1,807
256
0
82
135
583
732
430
519
37
290
4
536
137
14
5,562
NA
NA

17,193
25,331

42,524
24
16
5
43
0
0
3
2
6

42,524
11
65
23
0

0

23

2,616
2,688
2,664
2,474


NA
NA
NA

16,479
16,479
23,388

7,113
7,113
14,022

8,151
731
0
0
0
0

1,096
0
0
17
246
58
473
91
103
0
217
31
278
32
1
2,643
NA
NA

26,421
0

26,421
37
31
2
19
0
1
7
4
0

25,195
1
45
54
0

1,226

31

25,820
25,687
26,307
26,417


NA
NA
NA

50,853
50,853
50,853

29,447
29,447
29,447

612
4,320
808
0
0
0

804
0
0
2
2
324
68
111
55
0
65
1
976
9
10
2,427
NA
NA

4,870
9,234

14,104
43
15
5
30
0
0
4
2
2

14,104
11
57
32
0

0

26

3,131
3,131
3,131
3,227


NA
NA
NA

31,729
31,729
39,949

8,121
8,121
16,341

2,411
477
0
0
0
0

318
0
0
13
156
26
68
62
54
0
59
0
89
7
1
853
NA
NA

4,367
9,234

13,601
59
11
3
18
0
0
6
2
1

13,601
20
51
29
0

0

20

2,496
2,496
2,496
2,496


18,724
18,724
25,967

18,132
18,132
25,375

8,322
8,322
15,565

2,161
562
0
0
0
0

385
0
0
16
91
15
35
39
116
5
37
4
92
31
7
873
62
54

4,200
8,068

12,268
52
8
4
18
1
0
4
5
6

9,037
2
22
76
0

3,231

22

10,296
10,748
11,185
11,665


NA
NA
NA

28,621
28,621
28,621

18,461
18,461
18,461

515
1,529
1,154
0
0
0

313
0
0
0
157
39
95
11
0
0
1
0
16
0
0
632
NA
NA

4,530
7,277

11,807
54
13
3
22
0
0
5
2
1

11,807
15
53
32
0

0

17

3,106
3,106
3,140
3,106


18,285
18,285
27,173

16,230
16,230
25,118

7,930
7,930
16,818

1,911
403
0
0
0
0

400
0
0
12
19
59
38
54
40
0
245
0
69
84
10
1,030
66
28

7,867
3,203

11,070
42
3
4
11
0
0
4
25
11

10,274
25
70
5
0

796

18

37,964
39,066
40,564
42,304


62,936
62,936
62,936

62,936
62,936
62,936

49,266
49,266
49,266

24
1,397
218
29
0
0

413
20
0
29
446
181
168
171
48
14
67
0
122
76
0
1,755
63
9

4,194
4,322

8,516
46
6
3
17
0
0
3
6
19

3,458
3
91
6
0

5,058

13

43,246
43,246
43,670
44,360


63,500
63,500
63,500

63,500
63,500
63,500

50,360
50,360
50,360

39
595
1,362
58
20
0

317
16
0
11
50
56
86
68
85
3
114
19
101
42
13
981
NA
NA

5,720
2,662

8,382
1
0
0
71
0
0
0
25
2

4,915
0
26
73
0

3,467

34

5,080
10,384
12,980
13,575


NA
NA
NA

30,196
30,196
30,196

20,133
20,133
20,133

85
423
585
0
0
0

197
0
0
7
170
75
10
15
1
2
7
0
13
0
0
497
NA
NA

1,705
3,359

5,064
50
11
4
27
0
1
3
3
1

5,064
25
54
21
0

0

25

3,292
3,292
3,292
3,292


NA
NA
NA

20,626
20,626
30,610

9,394
9,394
19,378

747
81
0
0
0
0

104
0
0
9
18
62
33
24
38
0
1
0
28
7
1
325
86
9

3,232
437

3,669
55
10
2
18
0
0
5
3
6

2,338
2
95
3
0

1,331

10

49,500
50,800
52,320
55,220


74,149
74,149
74,149

74,149
74,149
74,149

58,819
58,819
58,819

0
728
200
0
289
0

308
0
0
17
39
69
73
43
101
7
117
3
98
29
4
908
41
16

2,768
245

3,013
58
6
3
18
0
0
4
2
8

2,595
1
93
6
0

418

13

53,716
54,740
56,110
58,300


78,260
78,260
78,260

75,890
75,890
75,890

62,270
62,270
62,270

0
629
202
8
0
0

248
0
0
18
23
85
64
33
89
9
76
1
63
21
2
732
100
10

2,404
111

2,515
1
59
0
3
0
0
2
33
2

2,414
1
95
4
0

101

14

14,794
14,794
14,794
14,794


29,940
29,940
29,940

35,290
35,290
35,290

20,794
20,794
20,794

0
337
35
0
0
0

156
0
0
8
21
36
29
15
62
2
28
0
49
0
1
407
NA
NA

803
889

1,692
31
14
5
33
1
0
3
10
4

1,221
7
46
47
0

471

6

19,800
20,340
20,340
20,880


45,723
45,723
45,723

50,250
50,250
50,250

31,995
31,995
31,995

68
227
124
0
48
0

163
3
0
3
33
37
26
18
9
4
13
0
27
2
3
341
NA
NA

1,686
0

1,686
29
31
2
31
0
0
2
4
0

1,686
0
51
48
0

0

23

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

208
NA
NA
NA
NA
NA

72
0
0
5
80
20
2
2
0
0
4
0
10
0
0
195
44
38

381
690

1,071
47
17
4
18
0
0
2
8
2

629
0
25
75
0

442

13

12,240
12,240
12,240
12,240


NA
NA
NA

31,380
31,380
31,380

17,040
17,040
17,040

61
165
232
0
0
0

25
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25
NA
NA

866
0

866
63
9
1
13
0
0
11
3
0

866
0
57
42
1

0

18

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

716
NA
NA
NA
NA
NA

47
0
0
0
1
14
35
0
0
0
0
0
0
3
0
100
60
35

490
37

527
68
13
4
9
0
0
5
0
1

527
0
93
7
0

0

12

43,250
45,070
47,110
49,230


71,142
71,142
71,142

69,642
69,642
69,642

52,774
52,774
52,774

23
93
0
0
0
0

38
0
0
3
31
38
0
6
17
0
9
1
16
0
5
164
31
100

125
204

329
22
33
1
36
0
0
7
1
0

329
0
35
65
0

0

15

15,056
14,876
18,615
18,615


NA
NA
NA

41,126
41,126
41,126

28,573
28,573
28,573

39
NA
NA
NA
NA
NA

33
0
0
1
4
2
2
2
0
0
0
0
6
0
0
50

Page 1 of 2
Florida College of Integrative Medicine
Polytechnic University of Puerto Rico-Orlando  
Concorde Career Institute-Orlando  
DeVry University-Florida  
Daytona College  
Cambridge College of Healthcare & Technology  
Gwinnett Institute  
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
NA
NA

324
0

324
7
74
2
12
0
0
1
5
0

324
0
23
77
0

0

14

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

60
1
0
0
0
0

15
0
0
0
0
1
2
0
0
0
0
0
9
0
0
27
NA
NA

224
74

298
18
30
2
40
0
0
9
0
0

298
0
45
55
0

0

25

15,330
15,330
15,330
15,330


NA
NA
NA

32,086
32,086
32,086

18,858
18,858
18,858

60
NA
NA
NA
NA
NA

17
0
0
0
4
1
2
0
0
0
0
9
0
0
0
33
NA
NA

199
0

199
45
39
0
12
1
0
2
2
0

199
1
35
65
0

0

10

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

33
0
0
0
0
0

19
0
0
1
10
2
1
0
0
0
0
0
3
0
0
36
100
100

114
82

196
29
31
1
29
1
1
2
5
2

188
0
7
93
1

8

8

17,776
17,488
17,488
17,488


NA
NA
NA

40,132
40,132
40,132

25,596
25,596
25,596

40
69
10
0
0
0

12
0
0
0
32
4
0
0
0
0
0
0
0
0
0
48
91
47

145
0

145
12
34
0
34
0
0
3
17
0

145
2
48
50
0

0

28

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

65
NA
NA
NA
NA
NA

13
0
0
1
4
10
4
0
0
0
0
5
3
0
0
40
NA
NA

42
77

119
2
3
0
90
0
0
1
0
5

102
2
38
60
0

17

5

12,630
13,200
13,827
14,262


NA
NA
NA

35,792
35,792
35,792

23,011
23,011
23,011

0
21
5
0
0
0

12
0
0
0
12
3
0
0
0
0
0
0
3
0
0
30
NA
NA

75
0

75
49
8
31
9
0
0
0
3
0

0
NA
NA
NA
NA

75

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
27
0
0
0

6
1
1
0
0
10
0
0
0
0
0
0
3
0
0
21

Page 2 of 2


Sources: STI: PopStats and STI: Colossus