State University System records $2.94 billion research spending, every school sees rise in expenditure

State University System records $2.94 billion research spending, every school sees rise in expenditure

The State University System of Florida recorded $2.94 billion in research expenditures for the 2022-23 academic year, surpassing both the previous year’s total and projections, contributing to a $5.5 billion economic impact and the creation of 3,660 jobs.

The State University System of Florida (SUS) reported that its research expenditures for the 2022-23 academic year reached $2.94 billion, surpassing both the previous year’s spending and projected estimates.

The reported figure marks an increase of more than $400 million over the prior year, exceeding the $2.68 billion forecast made in 2019. The system is on track to meet or exceed its goal of $3 billion in research spending by 2025. Accord...

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