An SIU research team has found SIU Medicine has an annual economic impact in Illinois of more than $1 billion, generating over 55-hundred jobs in health care and supporting industries in the state.
SIU School of Medicine is part of the SIU System, which is one of the most powerful economic engines in the southern half of the state. The SIU System employs more than 7,000 faculty, staff and administrators who serve approximately 23,500 students through campuses in Carbondale, Edwardsville and Springfield. The SIU System Office and SIU School of Medicine are in Springfield, as well as SIU Medicine clinics that serve thousands of patients.
The SIU System’s economic impact in fiscal year 2023 was $4 billion, and the system’s economic activity helped support 45-thousand jobs in Illinois.
Among the report’s findings:
The institution’s direct operations generated more than $450 million dollars in F-Y-20-23, and 4-thousand jobs. When downstream spending is included, SIU Medicine’s impact doubles to more than $900 million.
And SIU Medicine alumni in the workforce added a $188 million dollar impact to the region.
You can read the full SIU School of Medicine Economic Impact Report by clicking here.
