The Orange County Commission provided $500,000 for economic development programs at the University of Central Florida.
Commissioners also approved $100,000 each for the UCF Institute for Economic Competitiveness, UCF Small Business Development Center, UCF Small Business Advisory Board Council, UCF Technology Incubator and UCF Orange County Venture Lab. Money had previously been budgeted for the programs.
The UCF Institute for Economic Competitiveness provides research that supports business and community leaders in making informed decisions.
The UCF Small Business Development Center provides business seminars and one-on-one counseling for small business owners.
The UCF Small Business Advisory Board Council provides no-cost advisory boards to small businesses in order to help them increase revenue, retain jobs and create new jobs.
The UCF Technology Incubator provides early-stage technology companies with office space and support programs to grow into financially stable high-growth companies.
The UCF Orange County Venture Lab nurtures new technology companies that spin-off of research done by UCF faculty and students.