UMass Med School Has $1.75B Impact
The University of Massachusetts Medical School contributed $1.75 billion to the state economy in fiscal 2010, according to a new study by the University of Massachusetts Donahue Institute.
The study found that the five-campus UMass system produced a total of $4.83 billion in economic activity.
The medical school detailed the study findings, which tallied up the impact of construction projects, spending by faculty, staff and students and general operating expenditures, in a press release.
Contributions by UMMS for the year included more than $67 million in direct construction spending, which spun off another $51 million in additional economic activity. The construction also created more than 875 jobs.
The state spent $47 million on the medical school for the year, excluding federal stimulus funds, which means the ratio of UMMS spending to state investment was 37:1.
Aside from its 5,526 full- and part-time faculty and staff, spending by the school and its employees helped support another 5,439 jobs.
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