Study Shows Hefty Economic Impact from Carilion Clinic, CEO Says More to Come

Jan 29, 2020

Carilion Clinic is now the largest private employer west of Richmond.  And a new study shows the health care provider’s economic impact in the whole state is large.

The study released Wednesday indicates Carilion generated more than $3.2 billion in economic impact and supported 24,000 jobs in 2018.  CEO Nancy Agee said the report verified much of what  she already suspected.

Agee added that Carilion's impact is still growing. "What it did not do was incorporate the findings going forward. So it was a snapshot for 2018.  It did not look at our partnership with Virginia Tech and with Radford University and how we’re continuing to grow this region." Agee noted that Carilion is spending a billion dollars over the next few years to expand Roanoke Memorial Hospital and to create new cancer center and a consolidated pediatric center in Tanglewood Mall in Roanoke County.  "A study a couple of years from now will show an even larger impact," Agee added.

Beth Doughty, Executive Director of the Roanoke Regional Partnership, said Carilion's growth and its research and education partnerships have helped change the reputation of the region.  "What that also translates to is the idea that the sophisticated services that are available in this system here, they create a platform for this region to move into the new economy," Doughty said.

This is the first economic impact study Carilion has commissioned.  It was conducted by UVA's Weldon Cooper Center for Public Service.  Click here for the full study.

***Editor's Note: Carilion Clinic is a financial supporter of Radio IQ.