Economic development is an important responsibility of the state's flagship academic institution. University of Alabama economic development assets contribute to statewide job creation and growth and create opportunities for our students.
Plan & Annual Reports$17.51 Return on Investment per $1 Invested by State (FY2019)
$2.97 BiLLION Economic Impact Statewide (FY2019)
13,823 Jobs Provided (FY2019)
The UA Center for Economic Development plays a vital role in attracting guests from around the nation and world to the Yellowhammer State through its Tourism Development Program.
UA remained steadfast and resilient in its contributions to the state with an economic impact that approached a near-record of $2.948 billion for the 2020-2021 academic year despite the declining effects of the COVID-19 pandemic on enrollment and visitor impacts.
TCEDA and UA are partnering with Techstars, the most active pre-seed investor in the world, to bring first-of-its-kind, hydrologic innovation-focused accelerator and pre-accelerator programs to Tuscaloosa.
Enabling Industry Collaborations and Economic Development Opportunities
The Office for Economic Development elevataes the University of Alabama’s profile by connecting UA researchers with industry, facilitating collaboration between industry and academia, and coordinating economic development opportunities.
Improving Our Future Through Innovative Advancements
The Office for Innovation & Commercialization’s mission is to commercialize the innovations generated by UA faculty, staff, and students, either through licenses to industry partners or via the formation of startup enterprises based on UA technologies. We strive to connect the dots between our inventors and licensees with the ultimate goal to improve the world around us and better our future through technological progress.
The Economic Development Council designated 15 units across three UA colleges and ORED as UA Economic Development Assets.
