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Economic Impact

The Ohio State University Wexner Medical Center’s phenomenal growth in all three of our mission areas – research, education and patient care – has created a community impact of a different kind: job and economic development for the city of Columbus and state of Ohio. Ohio State's Wexner Medical Center added about 8,000 new jobs between 2000 and 2011 and generated $1.7 billion in operating revenue during fiscal year 2011.

ProjectONE, the largest development project planned in Ohio State’s history, will nearly double the amount of money Ohio State's Medical Center pumps into Ohio’s economy each year.

This state-of-the-art transformation will make the Medical Center – already recognized as one of the nation’s top hospitals on the U.S. News & World Report Honor Roll – a leader in innovation and a magnet for the best and brightest students, doctors and scientists.

Our investment will also stimulate Ohio’s economy immediately with the creation of 5,000 new construction jobs, and it will pay dividends long into the future by generating an additional 10,000 new full-time jobs at Ohio State and throughout the area. The net economic benefit of ProjectONE is projected to be as much as $1.7 billion in added revenues for Ohio’s economy every year beginning in 2015; this is in addition to the Medical Center’s current $1.7 billion impact.

Each new job we add helps us deliver on our promise of personalized health care and increases health access for more people in our community and region.

Ohio State's Medical Center represents the largest concentration of employment at Ohio State, with nearly a third more employees than all other areas of the University combined. This immense growth has a significant financial impact – Ohio State’s effect on the regional economy approaches $4 billion annually, a number that will rise by at least $1.7 billion per year when ProjectONE is completed.