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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. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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