New study reports University Hospitals is a major economic engine
Contributes nearly 67,000 direct and indirect jobs; pumps $10.3 billion into state and regional economies
“For 155 years, University Hospitals has been guided by a strong commitment to civic and social responsibility, leveraging its role as an anchor institution to build physical and economic health for the community,” said Cliff Megerian, MD, CEO, University Hospitals. “Our goal is to be the most trusted health care partner. Because we know there is a direct correlation between population wealth and population health, this aim to be the most trusted includes driving strategic initiatives that create jobs and produce meaningful labor income. In turn, this fosters economic growth, which ultimately aids in keeping our Northeast Ohio population healthy.”
UH engaged Silverlode Consulting Corp. to measure our economic impacts for calendar year 2019. According to the report, UH contributed $10.3 billion to the regional economy and $4.4 billion of labor income to the state of Ohio. UH's system of medical and health centers and physician offices generated nearly 67,000 direct and indirect jobs supporting nearly 45,000 households. Importantly, UH benefits the community in numerous other ways that generate significant economic and fiscal impacts. Examples of this include involvement in “hire local, live local and buy local” efforts such as Step Up to UH, a jobs pipeline program; Greater Circle Living, an employee-assisted housing program; Evergreen Cooperatives, which creates local green jobs; and New Bridge Cleveland, which provides career training for adults and after school classes for urban high school students.
Learn more about our economic impact in Northeast Ohio.