GAINESVILLE, Fla. — The University of Florida’s Sid Martin Biotechnology Incubator program, which fosters the growth of startup bioscience companies with ties to UF, has released a study showing that over the last seven years its companies and graduates had a total economic impact on Alachua County of $753 million.
The $753 million is the result of total output, which includes value added to the local economy, labor income and all output factors — the total economic impact of the incubator companies’ economic activities. Sid Martin Biotechnology graduate companies that relocated outside the county were not included. The study also didn’t include portions of companies located elsewhere when a company had multiple locations such as Boston and Alachua.
To read the full, original article click on this link: University of Florida News – UF’s Sid Martin Biotechnology Incubator companies show $753 million impact for 2004-2010
