The University of Virginia accounts for 51,653 jobs across the Commonwealth. One in every 76 jobs within the Commonwealth is either held directly by a UVA employee or is supported as a result of UVA’s presence.

As a major research University, we pursue groundbreaking discoveries that hold the promise to advance the human condition. The University’s research enterprise generates $644.5 million in annual economic impact and is responsible for one in five jobs created or supported by the University. Our research enterprise also serves to attract funding, high-skilled jobs, and potential additional R&D business to the Commonwealth.

The National Venture Capital Association ranked Charlottesville as the fastest-growing venture-capital ecosystem in the U.S. The University has contributed to the city’s culture of collaboration and innovation; in FY15 alone, seven new startups were launched by UVA faculty or as a result of UVA innovations. Since 2006, 53 UVA-related startups have been launched.

The National Venture Capital Association recently named Charlottesville the fastest growing venture capital ecosystem in the United States.

One of the University’s most promising start-up ventures is a smartphone app from TypeZero Technologies that acts as an artificial pancreas to help diabetes patients actively manage their health.

UVA students and faculty support local communities through volunteerism and philanthropy on an impressive scale. Through Madison House, 3,179 students volunteered for 111,135 hours in 2015, serving schools, health clinics, food pantries, community centers and animal shelters.

The estimated value of UVA faculty, staff and student volunteerism for local charities is $51.4 million.

UVA faculty and staff are responsible for $18.9 million in annual charitable donations, and UVA is the top contributing state agency to the Commonwealth of Virginia Campaign, with more than $13 million contributed since 1999.

The University is a destination for visitors from inside and outside the Commonwealth. Athletic events, entertainment at the John Paul Jones Arena, the Virginia Film Festival, and the David J. Prior Convocation Center at UVA-Wise bring hundreds of thousands of visitors to Charlottesville and Wise each year, generating spending for area businesses. In 2015, area visitors to University events created $352.9 million in economic impact, supported 3,918 jobs and generated $23 million in state and government revenue.

UVA alumni make significant contributions to local, state, national and international economies, with 91,530 UVA alumni currently working within the Commonwealth. UVA alumni have created approximately 65,000 companies worldwide, with an estimated 2.3 million people employed at companies founded or directly supported by UVA alumni. The Commonwealth has benefitted significantly, with over 371,000 of these jobs held at companies operating within Virginia. Virginia-based companies started by UVA alumni produce about $395 billion in calculated annual revenues and spend $279 billion per year.

UVA Alumnus and co-founder of Rivanna Medical created a spine-finding device that will revolutionize the administration of epidurals.

Sworkit app from UVA grad earns record-setting tech deal on popular "Shark Tank" TV program.

Through local spending and its direct and indirect support of employment, the University strengthens the local and statewide tax base, generating more than $239.9 million in state and local government revenues annually.