House Speaker Beth Harwell (R-Nashville) and Representative Mark White (R-Memphis) visited the University of Tennessee Health Science Center yesterday to tour the campus, interact with students, and discuss the institution’s mission and multiple impacts on education, research, and outreach. Also highlighted at the meeting was UTHSC’s substantial statewide economic impact.
Some findings from UTHSC’s latest economic impact study follow:
- UTHSC’s total economic contribution to the state amounted to more than $2.3 billion.
- UTHSC received $126.6 million of state appropriated dollars in FY2010. The $2.3 billion total impact exceeds the state appropriation by a factor of more than 18 to 1.
- UTHSC was directly and indirectly responsible for approximately 21,096 jobs across the state. The largest share of these jobs are in the Memphis area.
- The 21,096 jobs created by UTHSC resulted in a total of $792.1 million of earnings, or about $38,140 per worker in FY2010. In comparison, Tennessee per capita personal income in 2010 was just $35,307.
- Memphis, where the main UTHSC campus is located, contributed the most in total economic impact, representing about 73.8 percent of the total $2.3 billion impact. The other two major UTHSC locations, Knoxville and Chattanooga, represent 17.3 percent and 8.9 percent, respectively, of the total.
- Of all physicians practicing in Tennessee, 34.3 percent were graduates of one of the four Tennessee colleges of medicine; of these, 66.7 percent were graduates of the University of Tennessee College of Medicine. The other three medical schools in Tennessee (Vanderbilt University, Meharry Medical College, and East Tennessee State University) together account for just 11.1 percent.
The University of Tennessee is grateful to Speaker Harwell and Representative White for taking time to learn more about the University of Tennessee Health Science Center and its distinctive contributions to education, research, clinical care, and public service.
To read the full economic impact study, click here.Tags: Campus Visit, Economic Impact, House Speaker Beth Harwell, Representative Mark White, UTHSC