Issue link: http://read.dmtmag.com/i/54910
FHTCC ANNUAL REPORT of $159 million, generating an additional $784 million in quantifiable downstream impacts, resulting in a return of $943 million and total project value of more than $1 billion. The success of the Matching Grants Research Program is largely due to the many talented student and faculty researchers who have participated in the program. During 2010/2011, 89 student researchers and 51 faculty members from our research universities were engaged in conducting applied research on Corridor projects. That brings the total number of students (2,422) and faculty (299) who have conducted research on a matching grants project over the last 16 years to 2,721. According to a study conducted by Innovation Insight Inc. in August 2010, the Florida High Tech Corridor Council's Matching Grants Research Program has collectively generated a combined economic impact of more than $1.3 billion. In addition, the research programs between university and corporate partners created 3,300 jobs, contributed $314 million to Florida's GDP and returned $34.3 million in state tax receipts. Proportionately, the MGRP is shown to create one job in the Florida economy for every $16,189 invested by the State. In 2009 alone, the program generated an impact of more than $77 million in state economic output and 187 direct, indirect and induced jobs. Workforce Development As you have read in this magazine, the Council focuses efforts on workforce development where the workforce begins … in our schools. The Council's techPATH program continued this year to bring educators and students into technology industry environments giving students up-close and personal insights into the careers they might find across the Corridor and providing teachers new ways to share exciting subjects that will lead their students down the right path. Additional workforce development programs supported by FHTCC during 2010/2011 include: College Leadership Florida, a week-long program to educate Florida's university student body presidents and vice presidents about the opportunities in the state's leadership structure and corporate workforce; National Entrepreneur Center Fair; the PRISM project, a campaign spanning 10 Central FUNDED RESEARCH PROJECTS BY SECTOR Corridor Funds Cash Match Aviation & Aerospace Information Technologies Life Sciences & Medical Technologies Materials Microelectronics & Nanotechnology Modeling, Simulation & Training Optics & Photonics Sustainable Energy Other AMPAC Totals Invested 248,167 332,975 441,206 86,464 316,101 362,000 303,333 222,722 212,519 552,155 3,077,642 763,499 538,606 775,388 229,391 527,767 1,152,000 850,000 461,080 487,102 1,604,543 7,389,376 17.6% 8.4% Aviation & Aerospace Information Technologies Life Sciences & Medical Technologies Materials Microelectronics & Nanotechnology Modeling, Simulation & Training Optics & Photonics Sustainable Energy Other AMPAC In-Kind Match 0 161,050 901,402 15,000 477,766 12,000 0 21,000 202,520 0 1,790,738 8.3% Total Allocated % of Total 1,011,666 1,032,631 2,117,996 330,855 1,321,634 1,526,000 1,153,333 704,802 902,141 2,156,698 12,257,756 8.3% 8.4% 17.3% 2.7% 10.8% 12.4% 9.4% 5.7% 7.4% 17.6% 100.0% 7.4% 17.3% 5.7% 9.4% 10.8% 60 florida.HIGH.TECH 2012 12.4% 2.7%