Eastern Virginia Medical School Adds Half Billion Dollars to Area Economy.(Originated from Daily Press, Newport News, Va.)

From: Knight Ridder/Tribune Business News | Date: October 25, 1995| Author: | Copyright information

NORFOLK, Va.--Oct. 26--Eastern Virginia Medical School generates a half a billion dollars a year in economic activity in Hampton Roads, according to a report by two Old Dominion University economists.

That amounts to roughly half the total annual economic impact of tourism in Virginia Beach, said economists Vinod Agarwal and Gilbert Yochum.

"I was very surprised," Yochum said. "I hadn't realized the incredible impact of patient care and the concentration of highly specialized knowledge that a medical school brings."

The report, commissioned by the school for $30,000, is ...

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