Economic Impact of Hospitals: the Case of Baylor Regional Medical Center at Grapevine.

This report analyzes the economic impacts of the Baylor Regional Medical Center at Grapevine, Texas. The economic impacts are analyzed using the IMPLAN impact modeling system developed by the Minnesota IMPLAN Group. The analysis evaluates construction activities by Baylor-Grapevine as well as procurement spending and employment. Additionally, the impact of ancillary facilities surrounding Baylor-Grapevine and the impact of patient visitor spending is also reviewed. Total recurring impacts of procurement spending at Baylor-Grapevine, employment at Baylor-Grapevine and its ancillary facilities, and visitor spending will generate over $227 million in economic activity for the Dallas/Fort Worth Metroplex. This activity will support more than 3,300 direct, indirect, and induced jobs paying over $138 million in annual earnings