The Business Courier reports that The University of Cincinnati College of Medicine, along with its affiliated teaching hospitals, generated $4.8 billion in economic impact for the region and across the state in 2007.
According to a study commissioned by the Ohio Council of Medical Deans, that impact provided 55,000 full-time in Ohio and generated $151.1 million in total state tax revenue. The study measured the economic impact of Ohio’s seven medical colleges and their teaching affiliates. In total, the UC College of Medicine and the six other medical colleges in Ohio contributed $37.2 billion to the state’s economy in 2007, an increase of approximately $16.5 billion from 2002.
The economic impact report was produced by Tripp Umbach, which has conducted economic impact studies for hundreds of health care institutions and medical colleges.
Read the full article here.