UMB is Maryland's only public health, law, and human services university. Six professional schools and a Graduate School train the majority of the state's physicians, graduate nurses, dentists, lawyers, social workers, and pharmacists. Under the leadership of President Jay A. Perman, MD, the University is a leading partner in the redevelopment of Baltimore’s Westside. The University of Maryland BioPark, which opened in October 2005, promotes collaborative research opportunities and bioscience innovation. Sponsored research totaled $500.9 million in Fiscal Year 2014. With 6,276 students and 7,375 faculty members and staff, the University is an economic engine that returns more than $15 in economic activity for every $1 of state general funds appropriation. The University community gives more than 2 million hours a year in service to the public.