fbpx

Cleveland Clinic’s Economic Report Shows Its Value to Florida’s Economy

Along with being recognized as the top health care provider in South Florida, Cleveland Clinic Florida also boasts a positive impact on the local economy, according to its recently released economic impact report. The report indicates Cleveland Clinic contributed $4.12 billion to Florida’s economy in 2019 and provided more than 25,300 jobs generating approximately $1.6 billion in wages and earnings.

“Caring for the community is a priority at Cleveland Clinic,” says Tom Mihaljevic, M.D., Cleveland Clinic CEO and President. “As we celebrate our 100th anniversary, we are proud of our impact on the physical and economic health of our neighborhoods and embrace our role as an anchor institution.”

Cleveland Clinic in Florida’s economic activity was accountable for $428 million in federal income taxes and $181 million in total state and local taxes paid by employees and vendors. Patients and visitors who traveled to Cleveland Clinic in Florida contributed $26.3 million in economic activity, including more than 67,000 visitors from out of state or across Florida to receive care, participate in educational activities or attend events.

Cleveland Clinic produces economic impact reports every three years. This year’s information is based on 2019 data. Based on 2016 data, the previous report showed that Cleveland Clinic in Florida had a total economic output of up to $1.2 billion. 

“Cleveland Clinic continues to positively influence Florida’s economy by supporting our caregivers, their families, and our communities,” says Conor Delaney, M.D., Ph.D., Cleveland Clinic Florida CEO and President. “As our footprint in Florida continues to grow, so too will our contributions to a healthy economy in the state.”

You May Also Like

Now Optics Opens New Corporate Headquarters in Delray Beach

The move is expected to bring 45 jobs across seven departments in the Delray Beach area.

Transformative Healthcare Solutions and Florida Mental Health Coalition Host Inaugural “Back2Basics” Festival 

The event will help honor Mental Health Awareness Month in May.

Caron Florida Launches Mental Health Program to Address Mental, Spiritual and Physical Health

The nonprofit organization in behavioral health aims to increase exposure to the issue during Mental Health Awareness Month in May.

United Way of Broward County Partners With Local Nonprofits to Host Annual Behavioral Health Conference

With May being Mental Health Awareness Month, many nonprofit organizations are working to support those living with mental or behavioral health issues. To help reduce the stigma and raise awareness about the support services available to South Florida residents, the United Way of Broward County, in collaboration with the Broward Behavioral Health Coalition and the Florida Department of Children

Other Posts

Inside the Design of Shoma Bay

Adriana Hoyos offers insights into her work at the 24-story condominium project.

Botanical Paradise in Boca Raton Lists for Nearly $15 Million

The home features a serene garden with a 40-foot waterfall, two lakes and plants from around the globe.

The Fleet Clubs Is on Track to Enter the Local Private Jet Market

“Our bespoke 737s offer the zenith of shared private travel both in personal space and in-flight service. From Loro Piana bedding to cut crystal glassware, ours is the finest service in the sky,” says Fleet Clubs co-founder and CEO Bernard Schwartz.

American Cancer Society to Host Evening of Hope Fundraiser

The nonprofit’s distinguished events portfolio has raised over $6 million in the last six years.