Cleveland Clinic has released its latest community benefit and economic impact reports, revealing a staggering $1.46 billion in community benefit for 2023. This includes over $640 million spent on care for 344,000 Medicaid patients and $261 million in financial assistance provided to more than 111,000 patients. The total economic activity generated by Cleveland Clinic is valued at $37.6 billion, which has supported 122,643 households and generated $6.5 billion in tax revenue. The organization directly supported 74,298 jobs and created an additional 109,283 indirect jobs through its operations. Furthermore, Cleveland Clinic purchased $6.61 billion in goods and services, with patients spending $267.2 million across Ohio, Florida, and Nevada, where it operates 23 hospitals and 276 outpatient facilities.
In a related context, Health First, the leading non-governmental employer in Brevard County, has generated an economic impact of nearly $900 million in 2022. The organization employs over 9,500 associates and volunteers and has been recognized as one of the best employers in Florida and the nation based on employee recommendations. Health First has increased its minimum wage to $15 an hour and spent over $82 million on products and services from local vendors, supporting local businesses and enhancing community health services.
Broward County has also made significant investments in affordable housing, leading the state with $123 million invested since 2018, resulting in the creation of 2,660 housing units. This investment has generated approximately $865 million in construction contracts and nearly 6,000 construction jobs, contributing to an annual economic output of about $52.8 million. The ongoing housing crisis in Broward County, exacerbated by the COVID-19 pandemic, necessitates continued leadership and collaboration among stakeholders to ensure economic sustainability and affordability for residents. [c3cf7cd0][c11ff435]
