Economic Impact

Carilion Clinic contributed more than $3.2 billion and nearly 24,000 jobs to Virginia’s economy in 2018, according to an economic impact study released today by Carilion and The University of Virginia’s Weldon Cooper Center for Public Service’s Center for Economic and Policy Studies.

The Weldon Cooper Center for Public Service provides policy analysis, economic forecasting, regional studies, and other services. This study, the first commissioned by Carilion, analyzed data from Oct. 1, 2017, through Sept. 30, 2018, Carilion’s fiscal year, including spending and employment growth of the Carilion Clinic system independent of its partnerships with Virginia Tech and Radford University.

Findings point to continued growth of Carilion’s employee base, payroll, and investments in local business. There is also a ripple effect as a growing number of employees and their families purchase goods and services. Taking these factors into consideration, the study finds that for every ten Carilion jobs, another eight jobs are created in the Commonwealth. Check out the full study below.