Cleveland Clinic report claims $21.6 billion value to Ohio economy
CLEVELAND, Ohio – The Cleveland Clinic released an updated economic impact report on Wednesday saying it contributed $21.6 billion to Ohio’s economy in 2019, in large part by employing more people than any other business in the state.
This is up from $17.8 billion three years earlier, in 2016, according to the health system’s analysis, illustrating the growth in what has become a huge part of the regional economy.
The Clinic, along with banks, have been a major driver of Cleveland’s shift from an industrial economy to a knowledge-based service economy, said Richey Piiparinen, director of urban theory and analytics at the Maxine Goodman Levin College of Urban Affairs at Cleveland State University.
“There’s no debate on the economic powerhouse that is the Cleveland Clinic,” Piiparinen said.
Nationally, the clinic study claimed a $34.5 billion economic impact.
The clinic’s report follows one released earlier this year by…
