Anschutz Medical Campus and adjacent Fitzsimons projects will amount to more than $4 billion in construction costs at its completion. The campus has been touted as a model U.S. military base conversion that demonstrates a successful changeover from military to civilian use.
The project is also a model for regional economic development:
- Jobs climbed from 200 at time of base closure to 17,000 in 2008
- Economic impact will be $6 billion per year at completion
- Center of Innovation and Discovery receives $350 million in annual research grants. Each million in research produces 37.7 jobs for Colorado
- For every dollar the school collects from the National Institutes of Health, it gives back $2.34 in business activity, the fourth highest return in the country, according to the Families USA Global Health Initiative.
- For every dollar the state contributes to the medical school, the faculty attract another 50 research and clinical dollars.
- The School of Medicine employs nearly 6,000 people with an annual payroll of roughly $387 million.
- Those 4,700 jobs generate another 3,300 jobs outside the medical school.
- School of Medicine employees pay about $17 million a year in state income taxes.
- In fiscal 2007, the medical school and its affiliates donated roughly $25 million in services to 15,600 indigent patients and $9 million more in services to the working poor.
- The school receives less than 3 percent of its budget from state funds and ranks last nationally in public support per student.
- The medical school’s faculty members, who work at five Denver-area hospitals, contribute significantly to the budget. They rank fourth among the country’s 80 public medical schools in attracting research money.
- The debt load of a School of Medicine graduate typically runs over $100,000 with some students forced to borrow $200,000 and up.
- Chances are you’ve been treated by a University of Colorado-trained doctor, because half of the medical school’s graduates practice in Colorado.
- With the School of Medicine’s nationally prominent programs treating cancer, diabetes, heart and lung disease, mental health and obesity, you do not need to leave Colorado to get the best health care.
- UC Denver has received a major grant to create an academic, business and community partnership that moves biomedical discoveries from the labs of scientists to the lives of citizens in every part of the state.
- No licensed physicians live in Bent County, and five other Colorado counties have only one licensed physician each. Beginning in 2009, the medical school’s Rural Track program began producing more than a dozen doctors a year to answer a desperate call for rural health care.
- UC Denver has made capital investments of $950 million at the Anschutz Medical Campus in Aurora, a miracle mile of life science that has turned Colorado into one of America’s Top 20 Best Places for Biotech, according to Genome Technology Magazine.
See the 2010-11 Economic Impact Statement for the CU System >>