UC Davis Health System has a tremendous economic and social impact in the region.
As one of the area's largest employers, it provides salaries for nearly 7,400 full-time-equivalent workers and thousands of part-time, contract and temporary workers. With a payroll of $315 million, medical-supply and purchased-services expenses of $150 million, and a total operating budget of $800 million a year, the health system helps sustain many local businesses and service providers.
The health system has spent over $500 million for construction and equipment over the past 10 years. An additional $625 million will be spent by 2012 to meet state seismic safety mandates and the need for more clinical, research and teaching space. Current building projects under way include the UC Davis M.I.N.D. Institute, build-out of the Davis Tower, the Genome and Biological Sciences Building and renovations to Tupper Hall.
The total economic impact of the health system, along with its staff, patients and visitors, is much greater than the effects of its direct expenditures alone. Local payroll and other expenditures exert a "multiplier effect" in the local economy, generating $2.3 billion in additional sales, jobs and income.
With research funds from external sources topping $70 million, the health system is a magnet for those seeking a fresh, next-generation approach to education in the biological sciences. The biotechnology industry, in particular, is growing in the Sacramento region. The school, along with the UC Biotechnology Research and Teaching Program, is actively engaged in promoting biotechnology across the state.
Nonprofit institutions like The Jackson Laboratory of Bar Harbor, Maine, also are turning to UC Davis for its brainpower and unique mix of resources to foster translational research. The laboratory, renowned for its mouse-based genetics research, established its West Coast enterprise on the Davis campus. In turn, UC Davis is collaborating with industry partners to develop, evaluate and bring advances in medical technology to the residents of California and beyond.