From the Association of Independent Colleges & Universities of Massachusetts: “Eds & Meds: The First Statewide Economic Impact Report”
The Greater Boston Chamber of Commerce recently commissioned a report to better understand the role of hospitals and universities as key anchors of the Massachusetts economy today. That report, “Anchored in Excellence: How Massachusetts’ Education and Healthcare Institutions Drive Regional Economic Growth” is now available to the public.
As aptly summarized by the Association of Independent Colleges and Universities of Massachusetts (AICUM): “Massachusetts’s hospitals, universities, colleges, and community health centers—collectively known as “Eds & Meds”—are more than providers of world-class education and healthcare. They are foundational to our state’s economic vitality, driving innovation, employment, and regional development.
“These institutions serve as anchors for economic growth, attracting businesses and talent while fostering entrepreneurship and technological advancement. Their impact extends far beyond the vital services they deliver—Eds & Meds are critical engines powering our cities, towns, and the Commonwealth as a whole.”
The report analyzed 88 colleges and universities as well as 93 health systems across the Commonwealth. Per AICUM, “the findings are clear: billions in economic output and tax revenue, hundres of thousands of jobs, and an unmatched concentration of talent and innovation.”