The Economic Impact of Starts, Expansions, and Operations of 63 New Community Health Center Projects on the State of Ohio
Submitted by pitzerjr on Mon, 03/09/2009 - 10:28am
Prepared for:The Greater Cincinnati Health Nework, The Ohio Primary Care Association, The Ohio Department of Health, Primary Cre & Rural Health Program
This report estimates the economic impact of 63 new proposed community health center
projects on business sales, employment, household earnings, and tax revenue for the state of
- Within seven years, cumulative state tax revenue generated from the new health center
projects will exceed the $19.6 million in health center development expenditures. From
the seventh year on, all additional annual tax revenue will represent a net benefit to the
state of Ohio.
- While the expenditure on health center development will lead to a total of $710,528 in
state tax revenue, by the sixth year of operations, almost $4.0 million in additional state tax revenue will be generated annually by the operational expenditures.
- The estimated one-time economic impact of the expenditure on health center
development is $42.2 million in economic output, $11.4 million in household earnings,
and 377 new jobs throughout the state of Ohio.
- Once all new health center development has occurred, the estimated total annual
economic impact of the expenditure on health center operations is projected to be
$148.1 million in economic output, $73.9 million in household earnings, and 1542 new
jobs throughout the state of Ohio.
- Of the preceding amounts, the estimated direct annual impact of expenditures on
operations is projected to be $66.4 million in output, $50 million in household earnings,
and 795 new jobs.