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Study: IU med school, hospitals boost Indiana economy

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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!
    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.

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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