Hospital could help the area’s economy
July 12, 2011 at 1:51 am in The Jamestown Sun
Aside from the implications for regional health care, the Jamestown Regional Medical Center may affect the amount of money earned and spent in Stutsman County. Experts say the economic effects may surprise even the hospitals’ top advocates.
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According to Brower’s calculations, the new medical center will result in a $33.7 million economic effect specifically in Stutsman County. This only includes money spent in Stutsman County and would not include money spent in surrounding counties like Cass or Burleigh.
The hospital will employ about 239 full-time employee equivalents. But the business of the hospital itself results in about 28 indirect full-time equivalents (the contractor and his crew, for example) and about 54 induced full-time equivalents (like a teacher at the school or barista at a coffee shop).
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How much of an increase is this compared to the old hospital?
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I would say it’s no increase at all. It’s too bad that a few people on the hospital board had building envy and thought they had to have a new hospital. Just think how much rates are going to have to be increased just to pay for this white elephant.
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