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Study: IU med school, hospitals boost Indiana economy

Associated Press
November 10, 2011
Keywords
Economic Development, Health Care, Health Care & Insurance, Health Care & Life Sciences, Health Care Providers, Hospitals, IU Health, IU Medical Center
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A new study says biomedical research at the Indiana University School of Medicine and its partner hospitals pumped about $370 million into Indiana's economy in 2009.

The study by the Association of American Medical Colleges estimates the medical school pumped an estimated $142.5 million into the economy directly through federal and state-funded research. That research generated another $228 million in indirect economic activity.

It also estimates the Indianapolis medical school's research supported about 2,470 jobs in Indiana in 2009.

Executive associate dean for research affairs David S. Wilkes said the research gives Indiana's economy "a powerful boost."

The economic report doesn't include the economic activity of businesses that commercialize biomedical discoveries made by IU researchers.

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  • The Emporer Has No Clothes!
    Phillip D. Toth, MDNovember 10, 2011 4:14 PM
    Economic development in the our state is crucial for our long-term viability. We have been told that biotechnology/life sciences is an emerging area for growth. However, we must first face the reality of the situation. This story does not tell the whole story. The same report (https://www.aamc.org/download/265994/data/tripp-umbach-research.pdf) puts the whole issue in a better perspective.

    Our neighbors, Ohio(6 medical schools), Illinois (7 medical schools), Michigan (3 medical schools) were all listed in the top 12 states for total economic impact. Indiana was not even listed in the top 25. The amount of economic impact for those states were listed in the billions of dollars. The reality is our state is far behind. One important step forward would be have more medical schools. Both Notre Dame and Purdue could easily support a research medical school. It is time for our state to develop the appropriate infrastructure for growth in the biotechnology/life sciences fields.
    Reply to CommentFlag Comment

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