Community Development and Revitalization
Across the country, communities that are home to dynamic academic medical environments are thriving.
Academic medical centers and teaching hospitals are important drivers of economic development and community revitalization. In fact, a recent study reported that academic medical centers and teaching hospitals around the nation help to employ more than 3.5 million Americans and infuse more than $580 billion into local and national economies.1
Northwest Ohio will be no different, local business leaders and Academic Affiliation founders agree. As the Academic Affiliation ramps up, so too will opportunities for jobs, retail enterprises, housing starts and more.
“The Academic Affiliation will bring more learners, patients and visitors to Toledo. Those folks are going to need places to live, to stay, to eat, to play,” says Joe Napoli, president and CEO, Toledo Mud Hens and Walleye. “The neighborhoods around UT and Toledo Hospital are going to be redeveloped. And, the impact on downtown Toledo will be tremendous.”