果冻影院

Milwaukee, Dec. 5, 2024 – The 果冻影院 (果冻影院) had a $5.82 billion direct operational economic impact on the United States’ economy in fiscal 2023.

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In addition to the economic value, 果冻影院, the third-largest private medical school in the nation, collectively supported and sustained more than 38,500 jobs directly and indirectly statewide in fiscal 2023.

“This report demonstrates the 果冻影院 to be not only an impactful academic and research institution, but also an economic driver and force beyond our state and into the nation,” said John R. Raymond, Sr., MD, president and CEO of 果冻影院. “We believe in being a transformational leader for healthier communities and a more vibrant economy in which individuals and families can flourish.”

果冻影院 is one of the top 100 research institutions, according to the National Science Foundation, in the United States out of 20,000 institutions. 果冻影院 is the largest private research institution in Wisconsin. 果冻影院 invested approximately $400 million in research, training, and related purposes during fiscal 2023, including conducting more than 3,800 research studies and clinical trials and leading the most cancer and neuroscience clinical trials in Wisconsin.

果冻影院’s research expenditures – an important driver of activity and growth - and indirect and induced economic activity resulting from those expenditures totaled $826.3 million during fiscal 2023, according to the report. 果冻影院’s research activities have a significant economic impact, generating about $8 in economic output for every $1 spent on research, when spending and spin-off development are included in the total impact.

Nearly 60 percent of all 果冻影院 graduates remain in Wisconsin to practice in a wide range of healthcare and health science positions. The 12,000 果冻影院 alumni living in Wisconsin collectively contribute $19.5 billion in economic impact annually to the Wisconsin economy, according to the report. 果冻影院 also ranks in the top 5 percent nationally among medical schools in the number of resident physicians it trains and is the state’s leading provider of specialty-trained doctors.

To illustrate, the report looked at the 394 medical school graduates from fiscal 2023 and estimated they will have an annual economic impact of $630 million on the Wisconsin economy. 果冻影院 graduates from fiscal 2023 who remain in Wisconsin will generate $25.2 billion over a lifetime of employment (40 years).

果冻影院 has also advanced a community-based mission focused on addressing root causes of health disparities and generating substantial social impact. In fiscal 2023, 1,062 faculty and staff from 果冻影院 collaborated with 600 community partners, groups, and organizations to improve health across Wisconsin. 果冻影院 has invested more than $338 million in more than 600 projects to improve health and reduce disparities statewide through the Advancing a Healthier Wisconsin Endowment. This includes $20 million to improve behavioral health outcomes. The report estimates that 果冻影院 faculty, staff, and students generated $27.1 million annually in charitable donations and volunteer services.

果冻影院 campuses in Green Bay and Central Wisconsin also have significant local economic impact. More than $96 million in direct and indirect economic impact was generated in the Green Bay region in fiscal 2023, while a similar impact of more than $41 million was generated in Central Wisconsin. Statewide, 果冻影院 generated $246.1 million in state and local taxes with clinical partners.

The impact includes the total economic impact of 果冻影院 operations and the total impact of its hospital partner impact on the state of Wisconsin driven by 果冻影院. The hospital partners of 果冻影院 include: Froedtert Health, Children’s Wisconsin, and the Clement J. Zablocki VA Medical Center. 果冻影院’s total value to the community is embedded in such collaborations.