CCMH Creates $17,365,311 Impact on Local Economy
Crawford County Memorial Hospital (CCMH) generates 241 jobs that add $17,365,311 to the local economy, according to the latest study by the Iowa Hospital Association. In addition, Crawford County Memorial Hospital employees by themselves spend $2,450,628 on retail sales and contribute $147,038 in state sales tax revenue.
“As one of the largest employers in Crawford County, CCMH provides a tremendous amount of economic benefit for the entire county”, said Bill Bruce, CCMH CEO & President. “Along with the financial advantages the hospital provides through payroll, the amount of local purchases made by our employees goes to support local businesses as well as local governments through sales taxes paid.”
Evan Blakley, Executive Director of the Chamber and Development Council of Crawford County echoed Bruce’s sentiments. “CCMH provides high quality jobs and competitive wages. It makes Denison and Crawford County a place where people want to come to live and work”, Blakley said.
The IHA study examined the jobs, income, retail sales and sales tax produced by hospitals and the rest of the state’s health care sector. The study was compiled from hospital-submitted data on the American Hospital Association’s Annual Survey of Hospitals and with software that other industries have used to determine their economic impact.
The study found that Iowa hospitals directly employ 71,324 people and create another 50,131 jobs outside the hospital sector. As an income source, hospitals provide $4.2 billion in salaries and benefits and generate another $1.8 billion through other jobs that depend on hospitals.
In all, the health care sector, which includes offices of physicians, dentists and other health practitioners, nursing home and residential care, other medical and health services and pharmacies, contributes $14.3 billion to Iowa’s economy while directly and indirectly providing 293,758 jobs, or about one-fifth of the state’s total non-farm employment.
“Hospitals positively influence their local economies not only with how many people they employ and the salaries of those employees, but also through hospital purchases from local businesses as well as the impact of employee spending and tax support,” said Kirk Norris, IHA president/CEO. “Whether at the local level or statewide, there are few Iowa employers that generate economic activity comparable to hospitals.”