Story Medical Contributes Nearly $15 Million to Local Economy

Story County Medical Center generates 193 full-time jobs that add $14,832,424 to Story County’s economy, according to the latest study by the Iowa Hospital Association. This includes $3,216,556 in retail sales and $192,993 in sales tax.

“This year we contributed approximately $400,000 more in job related revenue than in 2010,” said Todd Willert, Story Medical Administrator. “This study shows that the medical center has a continuously growing impact on the Story County economy, and we are proud of that contribution.”

“Story Medical employees live and shop throughout Story County thus contributing to the economy of the entire Story County area,” said LaVon Schiltz, Nevada Economic Development Director. “Having multiple quality medical health care facilities and clinics operated by Story Medical throughout the county area, also impacts the ability for recruitment of industries and businesses to Story County communities.”

The IHA study examined the jobs, income, retail sales and sales tax produced by hospitals and the rest of the state’s health care sector. The study was compiled from hospital-submitted data on the American Hospital Association’s Annual Survey of Hospitals and with software that other industries have used to determine their economic impact.

Story Medical is just one of the many hospitals in the state contributing to the economy. The study showed that Iowa hospitals collectively employ 70,484 people and create another 67,247 jobs outside the hospital sector. Hospitals provide $3 billion in salaries and generate nearly $8 billion through residual economic impact.

 “Story Medical is a valuable asset, resource and employer for our Story County residents and businesses,” said Schiltz.

For 60 years, Story County Medical Center, Story Medical Clinics and Story Medical Senior Care have been the trusted providers of high-quality, local healthcare services for the residents of Story County. Their modern South Campus creates a healing environment that matches the personalized care and clinical expertise of its medical staff. Visit www.StoryMedical.orgfor more information.

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