May 2018 file photo of Tulare Regional Medical Center
Written by Donald A. Promnitz
The reopening of Tulare Regional Medical Center (TRMC) could generate approximately $107.1 million in economic impact annually and support more than 660 jobs.
This is according to an economic impact analysis commissioned by the Tulare County Economic Development Corporation and prepared by Impact DataSource of Austin, Texas. The report analyzed the planned investments and hiring proposed by Adventist Health in reopening the medical center and calculates the economic and fiscal impact associated with the investment.
The hospital could open as soon as October, according to published reports.
The study was sponsored by the Tulare County Board of Supervisors, Tulare Hospital Foundation, Sequoia Regional Economic Development Foundation and Adventist Health.
“The impact of the hospital is significant,” said Tulare County Supervisor Pete Vander Poel. “Not just in the medical care it provides and the lives it saves, but it also economically benefits nearly every industry sector in the County through local spending and payroll.”
“With an average salary of $74,500 for hospital workers, the restoration of lost jobs and addition of new ones will have a positive impact in local spending as the hospital reopens and ramps up to full operation,” Donnette Carter, Tulare Chamber president and CEO.
The economic impact is measured based on employment, compensation to employees, economic output and the value added from the operation.