In 2009, Tripp Umbach completed a comprehensive economic impact report of the Riverpoint Campus health and biomedical programs, and those envisioned for an expanded Academic Health Science Center at Riverpoint over a 20-year period. The study measured both the current and future community and economic impacts of programs regionally and statewide. The report also highlighted potential healthcare cost savings to the Eastern Washington region related to the presence of an expanded Academic Health Science Center at Riverpoint.
The Tripp Umbach study presented economic and employment impacts at both the Eastern Washington and State of Washington geographies for benchmark years 2017, 2023, and 2030. The 2009 study proved to be a valuable tool in raising awareness regionally and statewide of the multiple economic benefits of the Riverpoint campus project. Since the completion of the impact study, approximately $100 million has been invested in the Riverpoint campus and adjacent University District by both public and private entities.
In March 2013, Greater Spokane Incorporated re-engaged Tripp Umbach to prepare a four-year update of the 2009 study – providing the community with a mid-point estimate between 2009 and 2017. This document provided a summary of how the Riverpoint campus has expanded the regional economy over a four-year period.