The Economic Impact of Florida’s HBCUs

    UNCF’s holistic, powerful study, “Transforming Futures: The Economic Engine of HBCUs,” makes it clear: HBCUs are economic engines in their Florida communities and beyond, generating substantial economic returns year after year.

    HBCU faculty, employees and students produce—and consume—a wide range of goods and services, creating economic activity on and beyond campus. The result? More jobs, stronger growth and increasingly vibrant communities. Meanwhile, Florida’s workforce is bolstered by a steady supply of highly trained and success-oriented HBCU graduates.

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    Florida’s 4 HBCUs Produce:

    • $906M
      Total Economic Impact
    • 7,679
      Jobs
    • $9.1B
      Lifetime Earnings of 2021 Graduates

    HBCUs in Florida

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    UNCF-Member Institution

    Bethune-Cookman University

    Founded in 1904 in Daytona Beach, Florida, Bethune-Cookman University (B-CU) was, as of 1990, the sole HBCU founded by a woman. B-CU offers a diverse array of degree programs, featuring prominent ones in criminal justice and corrections, psychology, and kinesiology and exercise science.

    Two students wearing purple school t-shirts stand in a gymnasium. They are both wearing masks with their school mascot, a tiger, and are holding gift boxes that read "Tiger Nation."

    UNCF-Member Institution

    Edward Waters University

    Founded in 1866 in Jacksonville, Florida, Edward Waters University (EWU) is the oldest historically Black college in Florida. EWU offers a diverse array of degree programs, featuring prominent ones in business administration and management, criminal justice/safety studies, biology, psychology, and music.

    Four students wearing green and orange FAMU shirts pose in front of a green banner that reads "We are housing"

    Florida Agricultural and Mechanical University

    Founded in 1887 in Tallahassee, Florida, Florida A&M University (FAMU) began with 15 students and two instructors. FAMU offers a diverse array of degree programs, featuring prominent ones in health services, business administration and management, criminal justice/safety, psychology and biology.

    Three students wearing graduation caps and gowns look at a program together and laugh

    UNCF-Member Institution

    Florida Memorial University

    Founded in 1879 in Miami Gardens, Florida, Florida Memorial University (FMU) is the only HBCU in southern Florida. FMU offers a diverse array of degree programs, featuring prominent ones in arts and sciences, business, and education and social sciences.