LECOM Releases National Economic Impact Results - WICU12 HD WSEE Erie, PA News, Sports, Weather and Events

LECOM Releases National Economic Impact Results

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 ERIE- A big announcement Thursday from LECOM. According to a recent study, the nation's largest medical college says it boosted the economy more than a-half billion dollars in 2013.

Researchers at Tripp Umbach, a consulting firm, found most of that money was garnered through LECOM's steady academic and employment growth, enrollment numbers from all of its campuses, and recent construction projects.

It also found that the college added $369 million to the Commonwealth of Pennsylvania--- a 63% increase from the last study that was conducted in 2009.

With more than 5,000 students, LECOM sustains about 2300 jobs nationally. In a news conference Thursday afternoon, officials confirmed the following:

-In 2013, LECOM had an economic impact of $185.3 million on greater Erie area, an increase of 36 percent compared with the College’s impact of $136.2 million in 2009.

-Pennsylvania government revenues attributable to LECOM grew from $4.6 million in 2009 to $8.4 million in 2013, which local governments in Erie and Greensburg received $6.7 million and $431,800, respectively, in 2013.

-Beyond jobs and tax revenues, LECOM also creates additional community benefits such as uncompensated hospital and physician care for those who can’t afford it, charitable contributions, and volunteer services that amount to more $2.6 million annually.

The announcement comes on the heels of LECOM’s brand new dental school slated to open on West Grandview Boulevard next spring.
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