Economic Contributions of the South Texas Medical Center in Bexar County 2022 (original) (raw)

2023, Economic Contributions of the South Texas Medical Center in Bexar County

The San Antonio Medical Foundation contacted the Center for Community and Business Research (CCBR) earlier this year to estimate the economic impact of the South Texas Medical Center area. “The South Texas Medical Center generated almost 12billioninrevenuein2022,accordingtoaneweconomicimpactstudy,andsupportedmorethan86,000jobsthatpaid12 billion in revenue in 2022, according to a new economic impact study, and supported more than 86,000 jobs that paid 12billioninrevenuein2022,accordingtoaneweconomicimpactstudy,andsupportedmorethan86,000jobsthatpaid5 billion in wages. That’s a 36% increase in overall impact compared to 2018, the last time the San Antonio Medical Foundation commissioned an economic impact study of the center. Released earlier this month, the study was performed by the Center for Community and Business Research at UTSA’s Institute for Economic Development, based on data from 2022.” Working with Matthew Jackson and receiving data from the SBDC National Information Clearinghouse, I also collected information from other sources like the University Hospital, UT Health San Antonio, City of San Antonio, San Antonio Business Journal, among others, and using the IMPLAN database, which summarizes data from several federal and state agencies. The link to the article in the San Antonio Report is available here: https://sanantonioreport.org/south-texas-medical-center-san-antonio-health-care-economic-impact/ Another article link in the San Antonio Business Journal: https://www.bizjournals.com/sanantonio/news/2023/07/26/medical-center-economic-impact.html