August 24, 2017
Knoxville scores big with the Vols on the field
In August 2015, the UT Athletics Department hired Pennsylvania research firm Tripp Umbach to tally the total economic impact of UT sports.
The resulting report, dated May 2016, says UT football has a $355.7 million annual economic impact. The university has 20 sports, but football alone accounts for 57.5 percent of the total financial impact.
August 8, 2017
University of Missouri System president shares plans for future
University of Missouri System President Mun Choi was in Chillicothe Thursday as part of a northwest Missouri outreach tour, meeting with community and business leaders, former curators, local legislators, alumni and donors.
We need to demonstrate the tremendous value we have,” he said. “It’s not just through the extension program. There is a lot that we provide.” Choi stated that the university has retained the consulting services of Tripp Umbach to do an economic assessment of the four campuses to see what value the system provides.
July 10, 2017
To ease physician shortage, state approves funds for more residency slots
In a move that could help ease the physician shortage in Indiana, the state has approved about $2.5 million in funding that could eventually lead to dozens of new residency positions.
The Indiana Graduate Medical Education Board recently awarded 10 grants to medical schools, health systems and other groups to either develop residency program or begin feasibility studies.
Indiana will need 817 more primary care physicians by 2030, an increase of about 21 percent, according to a study performed by consulting firm Tripp Umbach of Pittsburgh.
June 23, 2017
University of Missouri looks to its future after cuts
Job cuts, reallocation and big ideas have come in waves at the University of Missouri since Mun Choi took over as president in March.
“We are facing a situation where state finances or state support, I believe, will be maintained at the current level or most likely fall in future years,” Choi said. “We can’t just react to future cuts without having plans in place to address our own best interests.”
To back up those requests, the university has hired the consulting firm Tripp Umbach to assess the university’s economic contribution to the state.
May 22, 2017
Kanawha official wants soccer tournament at Shawnee by 2019
Voting Tuesday to move forward with building a $15.2 million multi-sport complex at Shawnee Regional Park in Institute would give the Kanawha County Commission an opportunity to compete to host a soccer tournament there in 2019, an official said.
ZMM is contracting with Pittsburgh-based Tripp Umbach for the financial part of the study, Salango said.
May 10, 2017
Building a tech hub: Why conventions mean more to Las Vegas than just a tourist draw
According to the report, Las Vegas was among the leaders because of the impacts of the annual Consumer Electronics Show and other tech gatherings. The impact of the nascent UNLV School of Medicine was also addressed.
The report also found that UNLV School of Medicine, scheduled to host its first classes in July on Charleston Boulevard, is projected to have a $1.2 billion impact by 2030, citing a 2013 report by the consulting firm Tripp Umbach.
April 30, 2017
UVa anticipates larger role in area growth patterns
As new technology companies continue to percolate in Charlottesville and Albemarle County, the University of Virginia wants to know if its graduates can help provide more of the talent.
A study conducted last year by the firm Tripp Umbach found that the university contributes $4.8 billion to the Thomas Jefferson Planning District each year, including $200 million in local government taxes.
April 27, 2017
National Park Service offers 21 million reasons why history is good for Greater Morristown
Tourism to Morristown National Historical Park Creates $20.7 Million in Economic Benefits.
This independent study was conducted by Tripp Umbach for the Crossroads of the American Revolution NHA reflecting the economic activity of a focused slice of the state’s significant heritage and cultural sites and resources.
April 26, 2017
ULM eyes medical school for 2019
Realizing no state money would be available for a medical school, ULM started searching about two years ago for a private, nonprofit group to partner with, according to Bruno. ULM hired the consulting firm Tripp Umbach of Pittsburgh, Pennsylvania to conduct a feasibility study “that showed Monroe and Northeast Louisiana as a prime area because we are a rural area that is medically underserved.”
April 24, 2017
Report Touts Benefits of New DFW Medical School
A new school of medicine to be opened jointly in 2019 by the UNT Health Science Center and Texas Christian University will “positively impact the North Texas community,” a new report says.
The school will “provide new opportunities for employment and boost the local economy,” according to a report by Tripp Umbach, an economic-impact analysis group for U.S. academic health centers.
April 18, 2017
First students at Fort Worth medical school will get free tuition for a year
The inaugural class of 60 students in Fort Worth’s new M.D. program will receive free tuition for their first year of school thanks to a gift from a Fort Worth businessman.
At Monday’s press conference, the economic impact of the new M.D. program was projected to be $1.7 billion by 2030. A new medical school will have base operations of more than $140 million with additional impacts coming from research, clinical care, spin-offs and indirect support, said Paul Umbach,
April 10, 2017
Graduating class could help Indiana’s primary care shortage
The Association of American Medical Colleges says Indiana ranks 38th in the number of primary care physicians on a per-capita basis. A lot of the shortage has hit hardest in rural areas.
A recent study by Pittsburgh-based consulting firm Tripp Umbach says Indiana will need more than 800 additional primary care physicians by 2030.
April 8, 2017
David S. Wilkes column: NIH funding cuts threaten local and national economic health
Newly released federal budget proposals would cut $1.2 billion from this year’s National Institutes of Health (NIH) budget and almost $6 billion from next year’s NIH budget. If approved, these cuts will not only make it harder to find new cures and provide better patient care, it will make it tougher to create new jobs.
A study conducted by the research firm Tripp Umbach found that in
April 8, 2017
Marian medical school’s first graduates could fill primary-care dearth
On a per-capita basis, Indiana ranks 38th in the number of primary care physicians, according to the Association of American Medical Colleges. Much of the shortage is hitting hardest in rural areas, where entire towns are without doctors.
Indiana will need 817 more primary care physicians by 2030, an increase of about 21 percent, says a recent study by consulting firm Tripp Umbach of Pittsburgh.
April 5, 2017
Osteopathic Physicians to Congress: Expand Teaching Health Center Program to Solve Physician Shortage
Each resident in a community-based training program generates $200,000 in annual economic benefit to the community and $1.9 million every year they practice in the area afterward, according to Pittsburgh-based consulting firm Tripp Umbach. In addition, every physician who practices in a medically underserved community results in $3.6 million in annual savings for the health care system.
“Those savings happen because people without doctors put off care and lack continuity of care,” said Paul Umbach, Tripp Umbach president. “Just being able to see a doctor in the community provides an economic lift, because having regular checkups means early diagnosis and treatment, and in turn, dealing with fewer serious illnesses.”
April 4, 2017
$118.9 Million Health Care Simulation Center to Change Traditional Way Students in the Health Professions Learn
The University of Nebraska Medical Center is poised to transform health care education, and – as aviation simulation changed the flight industry – propel the training of doctors, nurses and allied health professionals into the next generation with emerging virtual and augmented reality.
One of the major benefits of the new facility would be to generate an annual economic impact in Nebraska of approximately $40 million (Tripp Umbach study).
March 23, 2017
General Electric agrees to deeper cost cuts
General Electric Co. has agreed with a group of its largest shareholders to cut $2 billion in its industrial units’ costs over a two-year period, a move that could affect operations at its Global Research Center in Niskayuna.
A 2015 study by consultants Tripp Umbach found that GE’s Capital Region operations generated $1 of every $11.50 in economic activity, either directly or indirectly, while employing directly or indirectly nearly 4 percent of the region’s workforce.
March 22, 2017
Investment in our future medical care
New agreements between Burrell College of Osteopathic Medicine and local hospitals and health centers to expand medical residencies in Las Cruces. Each residency program generates $200,000 a year in economic benefits during the period when the residency is taking place, with an additional $1.9 million in economic benefits for every year
March 19, 2017
Medical residencies increase in Las Cruces
With more than 160 students expected to graduate from Burrell College of Osteopathic Medicine per year, and the goal of keeping these new physicians in New Mexico, local health facilities are stepping up to meet the need for more medical residencies in Las Cruces.
According to a BCOM news release, studies show that 70 percent of medical students remain in the area where they complete a residency training. And as cited in the release, Tripp Umbach, a national consulting firm, “estimates that each resident in a community-based residency program generates $200,000 in annual economic benefits to their community while in the program, and $1.9 million in economic benefits every year they remain in the area to practice medicine after training, plus nine new jobs.”
March 4, 2017
Five Years Later: “Year of Downtown Projects” Continue to Attract Millions to the Heart of the City
According to Scott Adams, Las Vegas deputy city manager, perhaps no single project has
February 23, 2017
Connecticut must prioritize funding for education – be it k-12 or higher learning – because, quite simply, better, increased education is a sound economic investment.
February 21, 2017
Health care forum set for Feb. 23.
The York Daily Record, Family First
February 10, 2017
PNWU makes positive impact on area economy
Yakima’s own medical school, Pacific Northwest University of Health Sciences (PNWU), is making a significant contribution to the local and state economy according to a new economic impact report released this week.
February 8, 2017
Let’s talk about the health of York city
Through a community health market research study, commissioned by Family First Health and conducted by TrippUmbach, we’re able to see key findings that paint a detailed picture of challenges in York and provide a starting point for the conversations Sean Heisey, York Daily Record
January 25, 2017
Local officials excited about development of UNLV School of Medicine, medical district
University, health and city officials gathered for a town hall event Tuesday night looking forward to the development of the UNLV School of Medicine and the medical district surrounding it.