Similar to the Tallahassee regional campus, the Orlando and Pensacola campuses also operate in free-standing leased facilities that were renovated according to required specifications. Pensacola’s market area is close to the median value among regional locales, with about 654,000 residents across three counties. Alternately, market area population for the Orlando campus includes more than 2 million residents, as opposed to approximately 400,000-700,000 in the service areas of other campuses. This results in the largest multiplier effect for this campus. The Sarasota campus also operates within a free-standing, renovated facility located near the downtown of its home city. About 708,000 residents are included in the two encompassed market area counties. The Daytona Beach and Fort Pierce campuses are both located in newly constructed facilities built on the campuses of local community/ state colleges (Daytona State College and Indian River State College, respectively). FSU assisted in the construction of the facilities and maintains lease agreements with the colleges for ongoing use. The construction of these facilities results in substantial initial capital expenditures in each region. o
The market area population included in the Daytona Beach service area includes about 602,000 residents, while the Fort Pierce market encompasses about 558,000 residents. Though Fort Pierce’s market area population is larger than the Tallahassee region, the local multipliers for this region are actually the smallest effects observed among campuses, presumably because of the presence and mix of local industries.
A general rule of measuring economic impact is that the less industry encompassed by a study area, the smaller the associated multiplier. This correlates with smaller geographic areas as represented by each of the campus market areas.
SPOTLIGHT
“I love the faculty and staff and the small class sizes. The FSU College of Medicine is a family that I am proud to be a part of.” --Erin Connelly, M.D. 2007, pediatrics chief resident at Winnie Palmer Hospital in Orlando and recipient of a prestigious pediatrics/child abuse fellowship at 43 Riley Hospital for Children in Indianapolis