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Houston’s Secret Weapon

January 29, 2011 Leave a comment Go to comments

The Texas Medical Center

The Houston economy remains among the strongest in the United States. In March 2010, Forbes ranked Houston fourth among U.S. major metros where the recession is easing, due primarily to a solid diversified base of growth industries. When most people associate an economic engine with the Houston economy, the Energy industry is the first thing that comes to mind. Houston is without a doubt the Energy Capital of the world and also the home of NASA’s Johnson Space Center.

However, lesser known too many outside the city is the Texas Medical Center, the world’s largest concentration of expertise in medical treatment and care, medical research and medical technology. The TMC represents one of Houston’s major economic drivers and core industries with an estimated regional annual economic impact of $14 billion.

Texas Medical Center Facts and Figures

  • 49 Member Institutions – including 25 agencies of government and 24 private not-for-profit health institutions
  • 21 – Academic Institutions
  • 13 – Hospitals
  • 15 – Support Services Organizations
  • 93,500 Employees
  • 21,000 Physicians, Scientists, Researchers and other advanced degree professionals
  • Size: 31 million gross square feet of patient care, education and research space, equivalent to the 12th largest business district in the United States. (46 million gross sq. ft. total when including the University of Houston and The University of Texas Medical Branch which are located outside the Texas Medical Center complex)
  • Acres: 1,000+
  • Buildings: 140+
  • Future Growth: $7.1 billion in approved building and infrastructure investments between 2008 and 2012
  • Annual Patient Visits: 6.0 million
  • International Patient Visits: 18,000
  • Daily Visitors: 160,000
  • Regional Annual Economic Impact: $14 billion
  • Annual Research Expenditure: $1.2 billion

This post is courtesy of  The Tenant Advisor

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