Iowa hospitals generate economic impact on communities - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa hospitals generate economic impact on communities


The economic impact your local hospital has on your community is becoming more and more evident. A recent study released by the Iowa Hospital Association says local hospitals generate $6.1 billion a year and provide more than 70,000 jobs.

The IHA examined jobs, income, retail sales and sales tax produced by hospitals. The study was compiled from hospital-submitted data, take from IHA's annual survey.

It found local hospitals have a huge economic impact on their communities. Take The Finley Hospital in Dubuque. They generate more than 800 jobs, and add $62 million dollars to the Tri-State area each year. Data from the study show that The Finley Hospital employees spend more than $21 million in retail sales and more than $230,000 in state sales tax revenue.

"Hospitals in general are a key connection the economic development in their communities. Many people when they look at joining a community, look for the strength of their local hospital before they decide to move to that community," says The Finley Hospital President and CEO David Brandon.

The study also found Iowa hospitals directly employ more than 70,000 people, and create more than 67,000 jobs outside the hospital sector.

In addition they provide $3.8 billion in salaries and benefits. The health care sector provides more than 300,000, that's one-fifth of the states employment.

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