University Hospitals Pumps Almost $8 Billion into State and Regional Economies
For over 150 years, UH has been healing, teaching and discovering with one purpose in mind: improving the health and well-being of those in our community. Research has shown there is a direct correlation between population wealth and population health, and for this reason, our commitment to the communities we serve transcends the walls of our health system by spurring economic growth and development.
Recently, UH engaged Silverlode Consulting Corp. to measure our economic impacts for calendar year 2016. According to the report, UH contributed almost $8 billion to the regional economy and more than $4 billion of labor income throughout Ohio. UH's system of medical and health centers generated more than 63,000 direct and indirect jobs supporting nearly 44,000 households. Importantly, our “buy local," “hire local," “live local" strategies and our Community Benefit Agreement with the City of Cleveland have served as a model for dozens of other employers in the area.
To learn more about our economic impact in Northeast Ohio, download and read the Executive Summary.