Economic Impact
The University of Maryland Medical System is the third largest private employer in the Baltimore metropolitan area and one of the top 20 employers in the state, and makes a significant contribution to the state economy of Maryland.
UMMS's operations account for nearly $3.5 billion in economic activity in the state. This includes Medical System expenditures of $1.9 billion, as well as $738 million in purchases of supplies and services and $908 million in spending from household income.
Besides directly employing 14,800 individuals (99 percent of whom are Maryland residents), UMMS indirectly supports an estimated 13,400 additional jobs through purchases of goods and services—for a total of 28,200 Maryland jobs. These 28,200 employed individuals earn $1.5 billion and pay $54 million in state income and sales taxes.
Read more about this topic: University Of Maryland Medical System
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