It is crucial for Hoosiers to understand the effect that Indiana University and IU Health have on the economic health of the state, which is why the data in the Tripp Umbach Consulting report merit particular attention.
The results of the study, announced yesterday, Feb. 16, make it clear just how much Indiana’s economy depends on IU and its partner IU Health.
Two notable facts are these:
- Together, IU and IU Health are the state’s largest employer supporting 100,000 jobs.
- Together, IU and IU Health generated $11.5 billion in total economic impact in the 2010-11 fiscal year.
Note that this economic value is spread statewide. For example, in the greater Lafayette region, the IU School of Medicine operates a Center for Medical Education while IU Health runs IU Health Arnett Hospital. There are similar connections in and around Muncie, South Bend, Gary and Bloomington. I encourage you to read the full analysis, which is available on the Innovate Indiana website.
As the nation appears to be recovering from a long slump, Indiana’s economic growth is third among the states and maintains a coveted triple-A credit rating. Look to IU and IU Health to keep driving Indiana to the top.