Page 11 - Case for Support - Strong Memorial Hospital | University of Rochester Medical Center

The people who work at the University of
Rochester and Strong Memorial Hospital Our People
are important not only to the health and
wellness of our community, but also to
the regional economy. Education and A Regional Economic Engine
healthcare sectors are a major part of
New York State’s economy—attributable
to 15% of all jobs and 12% of all
earnings—and are particularly important
in upstate New York.

KEY
ECONOMIC
HIGHLIGHTS*

The University is the largest private employer
in upstate New York—approximately 32,500
employees or 28,000 full-time equivalents
(FTE)—and ranked seventh in the state in terms
of FTE employment and growing. It directly paid
approximately $2.26 billion to its workforce in 2019.
Through spillover spending, and its other economic
impacts, its total employment impact is nearly
68,000, with earnings of $4.7 billion.

Major capital investments made by the University
support steady construction employment and
related jobs in the economy. Annual capital
investment spending averaged about $324 million
over the last five years.

The advances that happen within UR Medicine
research laboratories are vital not only for the health
benefit to our community, but also for the millions of
dollars that the research enterprise attracts.

Approximately 37% of clinical revenue flowing to
Strong Memorial Hospital is highly specialized, part
of its unique contribution to the Rochester economy.

* According to the University of Rochester & Affiliates
New York State Economic Impact report
produced in 2021 by CGR