March 19, 2007
Contact: Kaylyn Kendall Dines
Phone: (973) 972-3000
UMDNJ Releases Economic Impact Report
Statewide University Has $3.33 Billion Impact on New Jersey
NEWARK — Administrators at the University of Medicine and Dentistry of New Jersey released a report that provides updated statistics and facts on how health care professionals, faculty and staff contribute to the physical well being of families and the economic growth of the Garden State.
The Economic Impact 2006-2007 Report highlights UMDNJ's economic contributions, health care accomplishments, workforce developments and research advancements. UMDNJ, the sixth largest employer in New Jersey, has more than 15,000 employees.
"UMDNJ had a $3.33 billion impact on New Jersey's economy in 2006,” said Dr. Bruce C. Vladeck, interim president. “Our progress can be attributed to dedicated faculty and employees who remain committed to the university's mission of excellence in patient care, research, education, and community outreach. We are proud to be an essential workforce that contributes to New Jersey's economy."
Originally founded in 1970 as the College of Medicine and Dentistry, UMDNJ has become the nation's largest free-standing public health sciences university. In fiscal year 2006, university revenue totaled $1.68 billion.
Facts from the report include:
· UMDNJ has attracted $631 million in federal support for research
· UMDNJ ranked 55 out of 3,419 institutions receiving NIH funding
· UMDNJ has 5,700 students on five campuses and 20,000 alumni
· 2.2 million patient visits were made in 2006 to UMDNJ facilities
· UMDNJ attracts more than $9 million of economic activity for every $1 million the State invests
· The university purchased more than $170 million in services from N.J. businesses; that activity created 5,408 jobs
· Research grants have increased 39% in the past five years
· UMDNJ is a partner in more than 600 clinical trials involving nearly all of New Jersey’s pharmaceutical companies
To view the report, visit http://www.umdnj.edu/home2web/about/pdf/EconomicImpact07.pdf.
UMDNJ is the nation’s largest free-standing public health sciences university with more than 5,500 students attending the state's three medical schools, its only dental school, a graduate school of biomedical sciences, a school of health related professions, a school of nursing and a school of public health on five campuses. Annually, there are more than two million patient visits at UMDNJ facilities and faculty practices at campuses in Newark, New Brunswick/Piscataway, Scotch Plains, Camden and Stratford. UMDNJ operates University Hospital, a Level I Trauma Center in Newark, and University Behavioral HealthCare, a statewide mental health and addiction services network.