Measurable Growth: Now and in the Future
The Computational Medicine Center has had a substantial economic impact on Ohio.
In collaboration with it's partners and others the CMC has played an important role in creating at least 223 Ohio based jobs. These jobs have an average salary of $62,000.*
Total dollars leveraged from other sources, $197 million*
Eleven patents pending*
Two companies created*
One company relocated to Ohio*
This economic impact also played a role in the extraordinary economic impact of our founding organization, Cincinnati Children's Hospital Medical Center.
The total annual economic impact of Cincinnati Children’s in fiscal year 2007 was $2.72 billion, an increase of 78 percent from $1.53 billion in fiscal year 2002. This is three times the overall growth rate of the local economy during the same five year period.**
Included in the total economic impact is a household earnings impact of $1.16 billion in fiscal year 2007, a nearly 90 percent increase from $615.6 million in fiscal year 2002. **
- The total impact on employment in Greater Cincinnati is 24,381 jobs in fiscal year 2007, a 77 percent **
* Ohio Department of Development, Third Frontier Metrics Report, Cummulative Report up to June 30, 2009
** Rexhausen, J & A Dubey, The Economic Impact of Cincinnati Children's Hospital Medical Center on Greater Cincinnati, University of Cincinnati's Economic Center for Education and Research, June 2008