Agenda - 09-01-2009 - 7a - Laserfiche WebLink

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Identifies & addresses supply-demand gaps o Are there health services that can be provided locally where people are ~- currently leaving the community? A factor to business recruitment & retention o attracts & retains local industries & companies o promotes a healthy and productive workforce o Attracts services and amenities such as hotels/restaurants Provide goods and services locally for consumers and business o Provides goods and services locally for consumers and businesses expenditures In searching the Internet looking for newly constructed medical facilities (2004 to present) and have found study's that surmise the following: ...Cincinnati Children's Hospital Medical Center every dollar they spend on patient care, research and education generates an additional $1.25 throughout the Cincinnati region in jobs, tax revenues and other economic benefits. They are attracting more than $328 million in grants and visitor spending each year. .... University of Connecticut Health Center study showed the economic benefits of building a large public teaching hospital could generate as many as 18,000 new jobs, for the region. ... University of Iowa Hospital and Clinics generates 7,464 jobs that add $370,913,481 to Johnson County's economy, according to the latest study by the Iowa Hospital Association. .... Brookhaven Memorial Hospital Medical Center in East Patchogue, New York the facility had an estimated total annual economic impact of $396,116,000. The hospital supported 2,970 jobs, which paid $16,138,000 in state and local personal income and sales taxes. Brookhaven Memorial Hospital employs 1,546 FTE's, with a total payroll of $111,859,000 ...Economic activities of Marshall County, KY hospital& its employees created, 319 local jobs, 17.4 million in local revenues, 9.2 million dollars in labor income, 11 million in valued added in Marshall County as a result 4.3 percent of the local jobs in Marshall County are dependent upon Marshall County hospital ..., McDuffie Regional Medical Center in McDuffie County, Georgia generated more than $42 million in revenue for the local economy. Sustaining more than 363 full-time jobs throughout McDuffie County and the rest of the state. They had direct expenditures to the county of more than $17 million in 2006. When combined with the an economic multiplier developed by the United States Department of Commerce's Bureau of Economic Analysis, the total economic impact of those expenditures was more $42 million. ... And a final example, in this case from Davidson County, North Carolina and economic impact study that was done buy UNC-Greensboro found that the Thomasville Medical Center a 149-bed private, not-for-profit hospital in Thomasville, had a fiscal impact to the county of 78.86 million dollars a year.