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December 18, 2011
TGen's economic impact pegged at $138 million
By 2015, Tripp Umbach predicts, TGen operations will return $25.62 for every $1 invested by Arizona, result in 1,865 jobs, generate $11.5 million in state...
Read more at Bizjournals.com
December 18, 2011
TGen's economic impact pegged at $138 million
By 2015, Tripp Umbach predicts, TGen operations will return $25.62 for every $1 invested by Arizona, result in 1,865 jobs, generate $11.5 million in state...
Read more at Bizjournals.com
November 28, 2011
Study: Dothan area healthcare industry means almost $2 billion to area
The healthcare economic impact study, conducted by the research firm Tripp Umbach and commissioned by the Dothan Area Chamber of Commerce, concluded that...
Read more at DothanEagle.com
November 21, 2011
Bringing millions to Michigan: UM Medical School ranks 6th in NIH...
In that year, Tripp Umbach calculated, the total direct economic impact of NIH funding at Michigan's three AAMC-member institutions (UM, Michigan State...
Read more at uofmhealth.org
November 21, 2011
Report finds $45 billion economic contribution from publicly...
The AAMC report was prepared by Pittsburgh-based economic consulting firm Tripp Umbach. It used 2009 data and was based on the Regional Input-Output...
Read more at ama-assn.org
November 7, 2011
The economic benefits of publicly funded medical research
While the health benefits of medical research are easily observed in our everyday lives -through stories of patient survival, biomedical discoveries and prevention strategies – the economic rewards often go unnoticed...
Read more at stanford.edu
November 3, 2011
Health Care Layoffs in Texas Feared, Obama ‘Stimulus’ Blamed
Texas’s health care industry is concerned about the impact of a federal debt reduction agreement and President Obama’s latest $447 billion stimulus plan, which include cuts to Medicare and Medicaid that could result in significant layoffs of health care workers....
Read more at Heartland.org
November 2, 2011
Pittsburgh Botanic Garden Opening
The Eden Hall Foundation has awarded the Pittsburgh Botanic Garden a grant to support renovations to create a new public entrance and welcome center for the Garden, now anticipated to open in Fall 2012. Eden Hall’s executive director Sylvia Fields said, “We are pleased to support the creation of this Garden which will promote healthy, family-oriented opportunities to appreciate the outdoors and educate people of all ages regarding the stewardship of their environment.” ...
Read more at SkyNewswire.com
October 25, 2011
King College Establishes School of Medicine at Stone Mill Park in Abingdon
According to independent medical education consulting firm Tripp Umbach, the Southern Highlands region of Central Appalachia has more than 40 medically underserved counties and communities and lags significantly behind the national average in access to health care, life expectancy, prevalence of diabetes and low birth weight. Tripp Umbach predicts that this region will continue to lose approximately 375 doctors per year due to the aging physician workforce. ...
Read more at king.edu
October 18, 2011
GE Transportation Invests in U.S. Plants and Jobs
...According to an economic impact study conducted by independent research firm Tripp Umbach in 2010, GE Transportation is a significant contributor to the economic health and quality of life in communities across Erie County, Northwestern Pennsylvania and the state....
Read more at the Press-Citizen
October 16, 2011
Our view - UI projects add to local economy
...A 2010 study by the Pittsburgh-based Tripp Umbach, for example, found that that UI’s economic impact in the state came in at $6 billion in 2008-09. That means about $1 out of every $30 in the state’s economy is supported by UI...
Read more at the Press-Citizen
November 28, 2011
Study: Dothan area healthcare industry means almost $2 billion to area
The healthcare economic impact study, conducted by the research firm Tripp Umbach and commissioned by the Dothan Area Chamber of Commerce, concluded that...
Read more at DothanEagle.com
November 21, 2011
Bringing millions to Michigan: UM Medical School ranks 6th in NIH...
In that year, Tripp Umbach calculated, the total direct economic impact of NIH funding at Michigan's three AAMC-member institutions (UM, Michigan State...
Read more at uofmhealth.org
November 21, 2011
Report finds $45 billion economic contribution from publicly...
The AAMC report was prepared by Pittsburgh-based economic consulting firm Tripp Umbach. It used 2009 data and was based on the Regional Input-Output...
Read more at ama-assn.org
November 7, 2011
The economic benefits of publicly funded medical research
While the health benefits of medical research are easily observed in our everyday lives -through stories of patient survival, biomedical discoveries and prevention strategies – the economic rewards often go unnoticed...
Read more at stanford.edu
November 3, 2011
Health Care Layoffs in Texas Feared, Obama ‘Stimulus’ Blamed
Texas’s health care industry is concerned about the impact of a federal debt reduction agreement and President Obama’s latest $447 billion stimulus plan, which include cuts to Medicare and Medicaid that could result in significant layoffs of health care workers....
Read more at Heartland.org
November 2, 2011
Pittsburgh Botanic Garden Opening
The Eden Hall Foundation has awarded the Pittsburgh Botanic Garden a grant to support renovations to create a new public entrance and welcome center for the Garden, now anticipated to open in Fall 2012. Eden Hall’s executive director Sylvia Fields said, “We are pleased to support the creation of this Garden which will promote healthy, family-oriented opportunities to appreciate the outdoors and educate people of all ages regarding the stewardship of their environment.” ...
Read more at SkyNewswire.com
October 25, 2011
King College Establishes School of Medicine at Stone Mill Park in Abingdon
According to independent medical education consulting firm Tripp Umbach, the Southern Highlands region of Central Appalachia has more than 40 medically underserved counties and communities and lags significantly behind the national average in access to health care, life expectancy, prevalence of diabetes and low birth weight. Tripp Umbach predicts that this region will continue to lose approximately 375 doctors per year due to the aging physician workforce. ...
Read more at king.edu
October 18, 2011
GE Transportation Invests in U.S. Plants and Jobs
...According to an economic impact study conducted by independent research firm Tripp Umbach in 2010, GE Transportation is a significant contributor to the economic health and quality of life in communities across Erie County, Northwestern Pennsylvania and the state....
Read more at the Press-Citizen
October 16, 2011
Our view - UI projects add to local economy
...A 2010 study by the Pittsburgh-based Tripp Umbach, for example, found that that UI’s economic impact in the state came in at $6 billion in 2008-09. That means about $1 out of every $30 in the state’s economy is supported by UI...
Read more at the Press-Citizen
October 25, 2011
King College Establishes School of Medicine at Stone Mill Park in Abingdon
According to independent medical education consulting firm Tripp Umbach, the Southern Highlands region of Central Appalachia has more than 40 medically underserved counties and communities and lags significantly behind the national average in access to health care, life expectancy, prevalence of diabetes and low birth weight. Tripp Umbach predicts that this region will continue to lose approximately 375 doctors per year due to the aging physician workforce. ...
Read more at king.edu
October 18, 2011
GE Transportation Invests in U.S. Plants and Jobs
...According to an economic impact study conducted by independent research firm Tripp Umbach in 2010, GE Transportation is a significant contributor to the economic health and quality of life in communities across Erie County, Northwestern Pennsylvania and the state....
Read more at the Press-Citizen
October 16, 2011
Our view - UI projects add to local economy
...A 2010 study by the Pittsburgh-based Tripp Umbach, for example, found that that UI’s economic impact in the state came in at $6 billion in 2008-09. That means about $1 out of every $30 in the state’s economy is supported by UI...
Read more at the Press-Citizen
October 25, 2011
King College Establishes School of Medicine at Stone Mill Park in Abingdon
According to independent medical education consulting firm Tripp Umbach, the Southern Highlands region of Central Appalachia has more than 40 medically underserved counties and communities and lags significantly behind the national average in access to health care, life expectancy, prevalence of diabetes and low birth weight. Tripp Umbach predicts that this region will continue to lose approximately 375 doctors per year due to the aging physician workforce. ...
Read more at king.edu
October 18, 2011
GE Transportation Invests in U.S. Plants and Jobs
...According to an economic impact study conducted by independent research firm Tripp Umbach in 2010, GE Transportation is a significant contributor to the economic health and quality of life in communities across Erie County, Northwestern Pennsylvania and the state....
Read more at the Press-Citizen
October 16, 2011
Our view - UI projects add to local economy
...A 2010 study by the Pittsburgh-based Tripp Umbach, for example, found that that UI’s economic impact in the state came in at $6 billion in 2008-09. That means about $1 out of every $30 in the state’s economy is supported by UI...
Read more at the Press-Citizen
July 11, 2011
Federal Funding Cuts to Teaching Hospitals Would Mean Lost Jobs, Revenue
Washington, D.C., July 11, 2011— Proposed cuts to federal support for major teaching hospitals would result in a loss of nearly 73,000 full-time jobs in 44 states and $654 million in local and state revenue, according to a study by the economic consulting firm, Tripp Umbach. The total loss to the U.S. economy could reach $10.9 billion.
The study, which was commissioned by the AAMC (Association of American Medical Colleges), examined the economic impact of a 60 percent reduction in indirect medical education (IME) payments to teaching hospitals as proposed by the National Commission on Fiscal Responsibility and Reform. Medicare provides these payments to teaching hospitals because they treat a more complex patient population and provide costly and life-saving services often unavailable elsewhere in communities.
“Communities in all regions of the country typically rely on teaching hospitals for job creation, advanced research, new business development, and education of medical professionals in addition to clinical care,” according to the report. “Cuts in Medicare support for teaching hospitals would have serious economic consequences at the local, state, and national levels,” said report author, Paul Umbach.
“We all recognize the need to put our nation’s fiscal house back in order. But cuts that cost more jobs in nearly every state and worsen the nation’s physician shortage are serious steps in the wrong direction that would threaten our nation’s health,” said AAMC President and CEO Darrell G. Kirch, M.D.
“Proposed Reductions in Medicare IME Payments to AAMC Teaching Hospitals: National and State Economic Impacts,” is available at https://www.aamc.org/download/253360/data/trippumbach.pdf.
May 31, 2011
LECOM operations Impact the U.S. economy by more than a quarter of a billion dollars annually
Lake Erie College of Osteopathic Medicine’s total operational impact on the U.S. Economy is nearly $230 million dollars and 700 jobs, not including the individual impact of all graduates. Just the 2009 graduating class alone, pushes that impact over $1 billion, by adding another $865 million dollars and employment support for 7,500 people residing in the U.S. Since its founding in 1992, LECOM has graduated more than 2,000 physicians with a nearly $5 billion impact and support for almost 41,000 jobs.
To view the PowerPoint presentation of the report findings click here: Presentation
To see the executive summary of the report click here: Executive Summary
To view LECOM's new release please click here: News Release
May 27, 2011
Editorial: New medical school a real investment in area’s health
"...The decision is a wise investment in the truest sense of the word. A recent report produced by the national health care consulting firm Tripp Umbach finds that training and research at Riverpoint will eventually support more than 9,000 jobs, generate more than $111 million in government revenue and carry an overall regional economic impact of $1.6 billion. Health care already accounts for one of every five jobs in Spokane County...."
Read Full Article >>
May 21, 2011
Michael Young has his work cut out for him at UW
"...A report by the consulting firm Tripp Umbach, commissioned by the university, found that its economic impact on the state totaled $9.1 billion in 2008-09.
For every $1 in tax funding, $1.48 in tax receipts were returned to the state. A dollar invested in the U returns $22.56 to the state economy..."
Read Full Article >>
May 18, 2011
Pennsylvania Would Fund Colleges by Sniffing Out Medicaid Fraud
"...Lawmakers also say the universities drive jobs and tax revenue. Pennsylvania State University, for one, wrote paychecks for 44,000 and contributed $17 billion in direct and indirect economic activity in the state in 2008, according to a study by Pittsburgh-based Tripp Umbach & Associates, which the university hired..."
Read Full Article >>
April 21, 2011
GE Transportation releases economic impact study
"What do you get when you combine the direct economic impact of Pennsylvania's mining and gas-drilling industries with the revenues generated by all the state's professional sports teams?
The answer, according to a study commissioned by GE Transportation, is something less than the amount generated, directly and indirectly, by Erie County's largest employer.
That study, conducted by the Pittsburgh-based consulting firm of Tripp Umbach, makes some apples-to-oranges comparisons by comparing direct and indirect impact. But it also paints a portrait of a company that helps pump $2.7 billion a year into the Erie County economy and $4.6 billion into the state economy..."
Read Full Article >>
April 21, 2011
GE Transportation touts Pa. economic impact
"Erie, Pa.-based GE Transportation has publicized results of a study it commissioned to evaluate its value to the Commonwealth of Pennsylvania – and finds its activities are valuable to the state.
GE Transportation commissioned Pittsburgh-based research firm Tripp Umbach last year to produce a 20-page report, “Powering Pennsylvania: GE Transportation’s Impact on the Economy and Community-at-Large in Northwestern Pennsylvania...”
Read Full Article >>
April 20, 2011
Tripp Umbach Research Shows That GE Transportation’s Operations Support 1 in 11 Jobs in Erie County
This means that while GE Transportation is directly responsible for 4,468 jobs in the state of PA, the operations at GE Transportation support 16,707 jobs throughout the Commonwealth in 2010.
GE Transportation’s operations have a total economic impact of more than $2.7 Billion on Erie County and $4.6 Billion on the Commonwealth of Pennsylvania. Stated another way, one dollar in every $130 in the state’s economy is generated by GE Transportation, making it one of the largest industrial companies in the Commonwealth.
Tripp Umbach’s analysis also highlights GE’s ongoing commitment to corporate citizenship and charitable giving. The GE Foundation announced a $15 million, five year Developing Futures grant to the Erie School District to advance math and science education in 2007. An additional $4 million grant made to the GO College program in March 2011 is helping local high school students to enter and succeed in college. The GE Foundation provided grants totaling $500,000 to Community Health Net Centers in Erie in the same month. GE Transportation’s charitable giving to numerous local non-profits totaled $500,000 in 2010. Tripp Umbach estimates the impact of GE Transportation employees alone, on the local area through both their financial donations and thousands of hours of volunteerism to be in excess of $19.6 million.
The full report with all details can be downloaded at www.getransportation.com/community.
April 19, 2011
Our Lady of The Lake Is Positioned To Lower The Overall Cost Of Healthcare While Driving The Louisiana Economy
In 2010, Our Lady of the Lake generated $928.6 million within the Louisiana economy, including $403.7 million of in-state spending by the hospital, employees and visitors. The ripple effect supported more than $524.8 million in additional economic activity generated by the operations of other organizations, businesses and vendors. That’s a total economic impact of nearly $1 billion in 2010 alone.
The planned expansion will generate $200 million in direct impact and $260 million in indirect impact to the Louisiana economy, totaling an additional $460 million in spending through the three-year construction period.
Facility expansion will also drive additional employment in the region, creating an estimated 2,065 additional jobs during the construction period.
The complete study is available on OLOL’s website and can be downloaded at www.ololrmc.com.
April 4, 2011
Campus leader staying positive
... "For every dollar that the state invests in Penn State, we return $25 in economic impact to the state," she said, referencing a 2009 Tripp Umbach report...
READ MORE>>
October 21, 2010
ProjectOne to pump 10,000 jobs, $1.7 billion into the Ohio Economy
Tripp Umbach estimates that by 2015 the project will create 5,000 construction jobs and more than 10,000 full time jobs in the state of Ohio by 2015 -- 6,000 at the Ohio State University Medical Center and 4,000 created from spending by Ohio State, its faculty, staff and visitors.
READ MORE>>
July 14, 2010
The Economic and Societal Impact of the University of Washington
Tripp Umbach recently completed an economic, employment and government revenue impact of operations and research of all of the UW's campuses and affiliates. With an annual economic impact of $9.1B on Washington State, the UW is truly an economic engine in the Washington economy.
READ MORE>>
June 18, 2010
WVU Healthcare: West Virginia's Economic Engine
Recently, Tripp Umbach conducted an Economic Impact Report for WVU Healthcare. The report findings were presented within an excutive summary brochure...
TO DOWNLOAD BROCHURE>>
June 11, 2010
Significant Benefits of a Four-Year Medical School in Spokane Unveiled
Researcher Paul Umbach, co-founder of independent firm Tripp Umbach, presented the Economic and Community Benefits Report findings at the Greater Spokane Incorporated Good Morning Greater Spokane event...
PHOTOS FROM EVENT>>
DOWNLOAD FULL REPORT>>
May 3, 2010
Growth Initiative Adopted During Joint Meeting of Multiple Community Board
A recent Tripp Umbach strategic plan culminated in the Industry Growth Initiative developed for Tyler, TX. The report recommends 10 primary building blocks that Tyler should develop to foster an Innovation Economy and take the Tyler region into the next twenty years of economc prosperity and growth.
READ MORE>>
March 16, 2010
Academic medical centers are major economic drivers in the U.S. economy. New York is home to 15 medical schools and 82 affiliated hospitals. These institutions not only provide countless social benefits, they also provide substantial economic benefits.
READ THE AMSNY 2010 IMPACT REPORT (2MB PDF)>>
March 2, 2010
Lacking Health Insurance in Lackawanna County
A community health project conducted for the Healthy Northeast Pennsylvania Initiative by Tripp Umbach, Inc. found adults are much less likely to have insurance in Lackawanna than in Luzerne County- almost two-thirds of uninsured respondents live in the central region in or around Scranton.
READ MORE>>
March 2, 2010
Empire State Economy: Medical Centers Make $85.6 Billion Impact on NY Economy
"One out of every 11 jobs in New York state is supported by our medical colleges and teaching hospitals." said Jo Wiederhorn, President of the Associated Medical Schools of New York. That amounts to more than $85.6 billion dollars in combined economic impact throughout the state, as referenced in the report conducted by Tripp Umbach, Inc.
READ MORE>>
October 8, 2009
AAMC Delivers: $512 Billion in Economic Impact
A recent Tripp Umbach study for the Association of American Medical Colleges has determined that 131 accredited U.S. medical schools and 400 teaching hospitals had a combined economic impact of more than $512 billion. These institutions employed more than 1.86 million individuals and were responsible for 3.3 million full time jobs.
READ MORE>>
September 21, 2009
How Pittsburgh Got Its Groove Back
Business Week quotes Tripp Umbach’s president as he comments on Pittsburgh’s evolution from steel to an innovation economy revolving around health care and technology. "Pittsburgh people take the long view," says Paul O. Umbach. "They do economic development the way the Steelers play football. Not flashy. You win as a team. You get the job done.”
READ MORE>>
September 11, 2009
Blue Cross Blue Shield Generates Nearly $1.6 Billion
An economic impact report, conducted by Tripp Umbach, details how the Commonwealth’s largest private health plan is also a vital economic engine for the state. Blue Cross Blue Shield of Massachusetts generated nearly $1.6 billion in economic benefits last year, accounting for more than 5,800 jobs, tens of millions of dollars in philanthropy and $215.9 million in revenue.
READ MORE>>
July 11, 2011
Federal Funding Cuts to Teaching Hospitals Would Mean Lost Jobs, Revenue
Washington, D.C., July 11, 2011— Proposed cuts to federal support for major teaching hospitals would result in a loss of nearly 73,000 full-time jobs in 44 states and $654 million in local and state revenue, according to a study by the economic consulting firm, Tripp Umbach. The total loss to the U.S. economy could reach $10.9 billion.
The study, which was commissioned by the AAMC (Association of American Medical Colleges), examined the economic impact of a 60 percent reduction in indirect medical education (IME) payments to teaching hospitals as proposed by the National Commission on Fiscal Responsibility and Reform. Medicare provides these payments to teaching hospitals because they treat a more complex patient population and provide costly and life-saving services often unavailable elsewhere in communities.
“Communities in all regions of the country typically rely on teaching hospitals for job creation, advanced research, new business development, and education of medical professionals in addition to clinical care,” according to the report. “Cuts in Medicare support for teaching hospitals would have serious economic consequences at the local, state, and national levels,” said report author, Paul Umbach.
“We all recognize the need to put our nation’s fiscal house back in order. But cuts that cost more jobs in nearly every state and worsen the nation’s physician shortage are serious steps in the wrong direction that would threaten our nation’s health,” said AAMC President and CEO Darrell G. Kirch, M.D.
“Proposed Reductions in Medicare IME Payments to AAMC Teaching Hospitals: National and State Economic Impacts,” is available at https://www.aamc.org/download/253360/data/trippumbach.pdf.
May 31, 2011
LECOM operations Impact the U.S. economy by more than a quarter of a billion dollars annually
Lake Erie College of Osteopathic Medicine’s total operational impact on the U.S. Economy is nearly $230 million dollars and 700 jobs, not including the individual impact of all graduates. Just the 2009 graduating class alone, pushes that impact over $1 billion, by adding another $865 million dollars and employment support for 7,500 people residing in the U.S. Since its founding in 1992, LECOM has graduated more than 2,000 physicians with a nearly $5 billion impact and support for almost 41,000 jobs.
To view the PowerPoint presentation of the report findings click here: Presentation
To see the executive summary of the report click here: Executive Summary
To view LECOM's new release please click here: News Release
May 27, 2011
Editorial: New medical school a real investment in area’s health
"...The decision is a wise investment in the truest sense of the word. A recent report produced by the national health care consulting firm Tripp Umbach finds that training and research at Riverpoint will eventually support more than 9,000 jobs, generate more than $111 million in government revenue and carry an overall regional economic impact of $1.6 billion. Health care already accounts for one of every five jobs in Spokane County...."
Read Full Article >>
May 21, 2011
Michael Young has his work cut out for him at UW
"...A report by the consulting firm Tripp Umbach, commissioned by the university, found that its economic impact on the state totaled $9.1 billion in 2008-09.
For every $1 in tax funding, $1.48 in tax receipts were returned to the state. A dollar invested in the U returns $22.56 to the state economy..."
Read Full Article >>
May 18, 2011
Pennsylvania Would Fund Colleges by Sniffing Out Medicaid Fraud
"...Lawmakers also say the universities drive jobs and tax revenue. Pennsylvania State University, for one, wrote paychecks for 44,000 and contributed $17 billion in direct and indirect economic activity in the state in 2008, according to a study by Pittsburgh-based Tripp Umbach & Associates, which the university hired..."
Read Full Article >>
April 21, 2011
GE Transportation releases economic impact study
"What do you get when you combine the direct economic impact of Pennsylvania's mining and gas-drilling industries with the revenues generated by all the state's professional sports teams?
The answer, according to a study commissioned by GE Transportation, is something less than the amount generated, directly and indirectly, by Erie County's largest employer.
That study, conducted by the Pittsburgh-based consulting firm of Tripp Umbach, makes some apples-to-oranges comparisons by comparing direct and indirect impact. But it also paints a portrait of a company that helps pump $2.7 billion a year into the Erie County economy and $4.6 billion into the state economy..."
Read Full Article >>
April 21, 2011
GE Transportation touts Pa. economic impact
"Erie, Pa.-based GE Transportation has publicized results of a study it commissioned to evaluate its value to the Commonwealth of Pennsylvania – and finds its activities are valuable to the state.
GE Transportation commissioned Pittsburgh-based research firm Tripp Umbach last year to produce a 20-page report, “Powering Pennsylvania: GE Transportation’s Impact on the Economy and Community-at-Large in Northwestern Pennsylvania...”
Read Full Article >>
April 20, 2011
Tripp Umbach Research Shows That GE Transportation’s Operations Support 1 in 11 Jobs in Erie County
This means that while GE Transportation is directly responsible for 4,468 jobs in the state of PA, the operations at GE Transportation support 16,707 jobs throughout the Commonwealth in 2010.
GE Transportation’s operations have a total economic impact of more than $2.7 Billion on Erie County and $4.6 Billion on the Commonwealth of Pennsylvania. Stated another way, one dollar in every $130 in the state’s economy is generated by GE Transportation, making it one of the largest industrial companies in the Commonwealth.
Tripp Umbach’s analysis also highlights GE’s ongoing commitment to corporate citizenship and charitable giving. The GE Foundation announced a $15 million, five year Developing Futures grant to the Erie School District to advance math and science education in 2007. An additional $4 million grant made to the GO College program in March 2011 is helping local high school students to enter and succeed in college. The GE Foundation provided grants totaling $500,000 to Community Health Net Centers in Erie in the same month. GE Transportation’s charitable giving to numerous local non-profits totaled $500,000 in 2010. Tripp Umbach estimates the impact of GE Transportation employees alone, on the local area through both their financial donations and thousands of hours of volunteerism to be in excess of $19.6 million.
The full report with all details can be downloaded at www.getransportation.com/community.
April 19, 2011
Our Lady of The Lake Is Positioned To Lower The Overall Cost Of Healthcare While Driving The Louisiana Economy
In 2010, Our Lady of the Lake generated $928.6 million within the Louisiana economy, including $403.7 million of in-state spending by the hospital, employees and visitors. The ripple effect supported more than $524.8 million in additional economic activity generated by the operations of other organizations, businesses and vendors. That’s a total economic impact of nearly $1 billion in 2010 alone.
The planned expansion will generate $200 million in direct impact and $260 million in indirect impact to the Louisiana economy, totaling an additional $460 million in spending through the three-year construction period.
Facility expansion will also drive additional employment in the region, creating an estimated 2,065 additional jobs during the construction period.
The complete study is available on OLOL’s website and can be downloaded at www.ololrmc.com.
April 4, 2011
Campus leader staying positive
... "For every dollar that the state invests in Penn State, we return $25 in economic impact to the state," she said, referencing a 2009 Tripp Umbach report...
READ MORE>>
October 21, 2010
ProjectOne to pump 10,000 jobs, $1.7 billion into the Ohio Economy
Tripp Umbach estimates that by 2015 the project will create 5,000 construction jobs and more than 10,000 full time jobs in the state of Ohio by 2015 -- 6,000 at the Ohio State University Medical Center and 4,000 created from spending by Ohio State, its faculty, staff and visitors.
READ MORE>>
July 14, 2010
The Economic and Societal Impact of the University of Washington
Tripp Umbach recently completed an economic, employment and government revenue impact of operations and research of all of the UW's campuses and affiliates. With an annual economic impact of $9.1B on Washington State, the UW is truly an economic engine in the Washington economy.
READ MORE>>
June 18, 2010
WVU Healthcare: West Virginia's Economic Engine
Recently, Tripp Umbach conducted an Economic Impact Report for WVU Healthcare. The report findings were presented within an excutive summary brochure...
TO DOWNLOAD BROCHURE>>
June 11, 2010
Significant Benefits of a Four-Year Medical School in Spokane Unveiled
Researcher Paul Umbach, co-founder of independent firm Tripp Umbach, presented the Economic and Community Benefits Report findings at the Greater Spokane Incorporated Good Morning Greater Spokane event...
PHOTOS FROM EVENT>>
DOWNLOAD FULL REPORT>>
May 3, 2010
Growth Initiative Adopted During Joint Meeting of Multiple Community Board
A recent Tripp Umbach strategic plan culminated in the Industry Growth Initiative developed for Tyler, TX. The report recommends 10 primary building blocks that Tyler should develop to foster an Innovation Economy and take the Tyler region into the next twenty years of economc prosperity and growth.
READ MORE>>
March 16, 2010
Academic medical centers are major economic drivers in the U.S. economy. New York is home to 15 medical schools and 82 affiliated hospitals. These institutions not only provide countless social benefits, they also provide substantial economic benefits.
READ THE AMSNY 2010 IMPACT REPORT (2MB PDF)>>
March 2, 2010
Lacking Health Insurance in Lackawanna County
A community health project conducted for the Healthy Northeast Pennsylvania Initiative by Tripp Umbach, Inc. found adults are much less likely to have insurance in Lackawanna than in Luzerne County- almost two-thirds of uninsured respondents live in the central region in or around Scranton.
READ MORE>>
March 2, 2010
Empire State Economy: Medical Centers Make $85.6 Billion Impact on NY Economy
"One out of every 11 jobs in New York state is supported by our medical colleges and teaching hospitals." said Jo Wiederhorn, President of the Associated Medical Schools of New York. That amounts to more than $85.6 billion dollars in combined economic impact throughout the state, as referenced in the report conducted by Tripp Umbach, Inc.
READ MORE>>
October 8, 2009
AAMC Delivers: $512 Billion in Economic Impact
A recent Tripp Umbach study for the Association of American Medical Colleges has determined that 131 accredited U.S. medical schools and 400 teaching hospitals had a combined economic impact of more than $512 billion. These institutions employed more than 1.86 million individuals and were responsible for 3.3 million full time jobs.
READ MORE>>
September 21, 2009
How Pittsburgh Got Its Groove Back
Business Week quotes Tripp Umbach’s president as he comments on Pittsburgh’s evolution from steel to an innovation economy revolving around health care and technology. "Pittsburgh people take the long view," says Paul O. Umbach. "They do economic development the way the Steelers play football. Not flashy. You win as a team. You get the job done.”
READ MORE>>
September 11, 2009
Blue Cross Blue Shield Generates Nearly $1.6 Billion
An economic impact report, conducted by Tripp Umbach, details how the Commonwealth’s largest private health plan is also a vital economic engine for the state. Blue Cross Blue Shield of Massachusetts generated nearly $1.6 billion in economic benefits last year, accounting for more than 5,800 jobs, tens of millions of dollars in philanthropy and $215.9 million in revenue.
READ MORE>>
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