Navigation Links
Study: How Can States Treat a Sick Economy? Call the Doctors
Date:12/19/2008

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.

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 Burnham Institute for Medical Research, a Veteran's Administration hospital; Nemours Children's Hospital; and, M.D. Anderson Cancer Research Institute.

Only Orlando and Dubai are creating medical cities on such a scale. More than $1 billion has already been invested in construction projects alone at the Orlando site, with commitments for another $1 billion. The Tavistock Group, a private investment company that owns Lake Nona, saw the opportunity early by donating 50 acres of land and $12.5 million to UCF for construction of the medical school.

"This development is a powerful demonstration of city, county and state governments partnering with an entrepreneurial public university for the public good," said UCF President John Hitt. "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."

In a letter about the study's findings, Florida Gov. Charlie Crist expressed his "enthusiasm for the recent success of the program and the strategic vision you are implementing to expand that success.

"It is my desire that all Floridians have access to quality healthcare," said Crist. "The university has made excellent use of assets available to you in the Orlando area - not the least of which being the world-class Lake Nona Medical City project."

The medical city partners are creating a unique collaboration that promises to make Orlando a world-known destination for medical care and research.

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

The UCF College of Medicine will welcome its charter class of 40 students on Aug. 3, 2009, and eventually will produce about 120 medical graduates a year. UCF received more than 4,300 applications for the 40 positions in the first class.

UCF is offering a one-of-a-kind scholarship program to its charter class. Each student accepted will receive a $40,000 scholarship for tuition, living expenses and fees for each of the four years of the medical degree program.

The scholarships were completely funded by nearly $7 million in community donations from across the Orlando area. Although UCF is a new medical school, it has already made history - the Association of American Medical Colleges says UCF will be the first medical school ever to provide full scholarships for four years to an entire class.

The four-year medical program will capitalize on UCF's existing strengths in biomedical sciences, modeling and simulation, and optics and photonics. Other programs in materials science, psychology, hospitality, chemistry, film and digital media, and nursing will support the program.

"Our goal is to build this century's best medical school," said Dr. Deborah German, M.D., dean of the UCF College of Medicine. "Together with our faculty, researchers and partners, UCF will set the standard for medical education and improve health care in Central Florida."

Contact: Grant J. Heston, UCF News and Information, (407) 823-5988.

Note to media: Copies of the study summary, and the complete report, are available by contacting Grant J. Heston.

UCF Stands For Opportunity: The University of Central Florida is a metropolitan research university that ranks as the 6th largest in the nation with more than 50,000 students. UCF's first classes were offered in 1968. The university offers impressive academic and research environments that power the region's economic development. UCF's culture of opportunity is driven by our diversity, Orlando environment, history of entrepreneurship and our youth, relevance and energy. For more information, visit http://news.ucf.edu.

# # #

Read the full story at http://www.prweb.com/releases/healthcare/medical_school/prweb1777074.htm


'/>"/>
Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved  

Related medicine news :

1. U of M study: Early treatment can reverse heart damage
2. New study: Pine bark reduces perimenopausal symptoms
3. U of M study: Health food supplement may curb addiction of pathological gamblers
4. New study: Pine bark extract reduces ADHD symptoms in children
5. Kaiser Permanente study: Alcohol amount, not type -- wine, beer, liquor -- triggers breast cancer
6. UGA study: Youth exposed to smokeless tobacco ads despite settlement
7. New National Medicaid Study: Minnesota Under Funds Seniors Nursing Home Care $167 Million Annually
8. Study: Modafinil is effective in treating excessive sleepiness
9. Breaking Study: Masimo Pleth Variability Index (PVI) Shown Effective in Noninvasive Detection of Changes in Ventricular Preload and Fluid Volume
10. New study: pine bark extract boosts nitric oxide production
11. Study: HPV test beats Pap in detecting cervical cancer
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Study:  How Can States Treat a Sick Economy? Call the Doctors
(Date:1/18/2017)... Agoura Hills, CA (PRWEB) , ... January 18, ... ... risk of dental problems ranging from gum disease to enamel erosion, and those ... from the Massachusetts Department of Public Health, many pregnant women are failing to ...
(Date:1/17/2017)... ... January 17, 2017 , ... Anesthesia Progress ... dentists to choose the best drug option for each patient. Dentists have several general ... better overall outcomes. , Researchers from the Tokyo Dental College in Tokyo, Japan wanted ...
(Date:1/17/2017)... ... ... For breast cancer clinicians and researchers who were unable to attend the 2016 ... and analysis of its highlights, a novel half-day, complimentary meeting—the 14th Annual Best of ... 4, 2017 in Chicago. Chaired by Kathy S. Albain, MD, FACP, FASCO from the ...
(Date:1/17/2017)... ... ... SunView Software’s Service Smart Technology has been selected as a finalist for ... year, Pink Elephant recognizes a new product or service developed by an IT services ... opportunity. The award highlights original innovations that were released in 2016, either as a ...
(Date:1/17/2017)... ... January 17, 2017 , ... ... century approach to infusing high speed technology into the fabric of an entire ... the advancement of healthcare and wellness in a yet-to-be-named, health focused campus. Leading ...
Breaking Medicine News(10 mins):
(Date:1/18/2017)... , Jan. 18, 2017 Safe Rx ... of pharmacies based in Loveland, Colorado ... Vials (LPVs) in selected Good Day locations.     ... a cost-effective alternative for secure storage," said Milton ... less than the price of a cup of coffee, ...
(Date:1/18/2017)... , Jan. 18, 2017 Invetech, ... for cell and advanced therapies , has announced ... biopharmaceutical company developing "tumor starvation" treatments for acute ... needs. Under the agreement, Invetech will develop systems ... on Erytech,s proprietary ERYCAPS technology platform, which uses ...
(Date:1/18/2017)... , January 18, 2017 After ... people regarding the use of cannabis both for medical and ... are more Americans open to the use of cannabis, but ... sectors. According to Arcview Market Research, the North American legal ... 30% from the previous year. The research projects sales will ...
Breaking Medicine Technology: