Study: How Can States Treat a Sick Economy? Call t...( A new study ...),Health

A new study announced today shows that the University of Central Florida (UCF) has the right prescription for an ailing economy - a medical school and growing medical city.

Orlando, Fla. (PRWEB) December 19, 2008 -- A new study announced today shows that the University of Central Florida (UCF) has the right prescription for an ailing economy - a medical school and growing medical city.

As state governments around the country struggle with budget cuts and Wall Street investment losses, the new UCF College of Medicine in Orlando, Fla., is helping create more than 30,000 jobs and an economic impact of $7.6 billion over 10 years.

In another finding critical to cash-strapped local and state governments, the study predicts that the medical school could help generate nearly half a billion dollars in additional tax revenues for Florida by 2017.

The study, conducted by Arduin, Laffer & Moore Econometrics, demonstrates the wisdom of state investment in the life-sciences cluster - Florida could earn more than $13 for every dollar it invests in the development.

"The study's findings clearly illustrate the positive impact the medical school and medical city are having on Central Florida and the state, particularly considering the current economy," said Donna Arduin, who conducted the study.

The innovative life-sciences cluster growing in Orlando is one of only two such high tech, high-wage developments in the world. Joining UCF in the medical city are the California-based