The Economic and Fiscal Benefits of The University of Texas Health Science Center at Tyler and UT Health East Texas
Published on July 22, 2020
Through their joint mission of providing top-quality health care and training for medical professionals, The University of Texas Health Science Center at Tyler (UTHSCT) and UT Health East Texas (UTHET) generate a substantial increase in business activity and benefit the entire region in multiple ways. In addition to providing care for tens of thousands of patients each year, they provide jobs, procure needed goods and services, prepare health professionals (many of whom remain in the area), and conduct meaningful research, resulting in significant economic benefits.
The Perryman Group recently measured the current economic benefits of UTHSCT and UTHET as well as the potential benefits of a medical school and expanded residency program. The major channels of economic benefits include educational and research activities, hospital and clinic operations, and the related spending by students and visitors. Planned construction projects also lead to a sizable, though transitory, stimulus. In addition, graduates who remain in the area to practice or work lead to further business activity. A high level perspective on the economic benefits of The University of Texas at Tyler is also included to illustrate the total overall effects of University of Texas System institutions in the region.
For more details please refer to the full report.