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UT Southwestern Means Dollars for Dallas.
The University of Texas Southwestern Medical Center at Dallas has a national reputation for excellence in carrying out its primary goals of education, clinical care and research. Less obvious are the economic benefits that such a dynamic institution brings to North Texas.
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It Stimulates the Economy.
Each dollar spent by UT Southwestern generates an additional $2.14 for the economy. Its total expenditures of $720.6 million in Fiscal Year 2002 (September 2001-August 2002) created more than $2.2 billion in business activity for the local and regional economies. |
It Creates Jobs.
For every UT Southwestern employee, three additional jobs are created in the economy. With 5,601 employees at the end of FY '02, the medical center was responsible for 22,404 jobs in the local area. |
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It is a Bargain for the Citizens of Texas.
In the early 1950s, UT Southwestern was supported almost entirely by state funds; now only 14 percent of the university's operating budget is provided by state dollars. The funds provided by the citizens of Texas have built a foundation to attract ever-increasing amounts of federal grants and private endowments. This graph shows the sources of the university's financial growth.
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| What We Add to the Economy |
 Research Funding
More than 2,000 research projects were conducted in FY '02, with an annual expenditure of more than $280 million.
For each $1 million worth of research funded by external sources, 41.6 jobs are generated, a total of about 11,648. Every $1 million of research generates $3 million of business activity in the state economy -- more than $840 million in FY '02.
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 Products of Research
UT Southwestern is a leader in discovering new technologies, processes and products through basic and clinical research. Since 1984 more than 520 UT Southwestern researchers have been named as inventors on more than 1,000 invention disclosures, yielding a total of more than 300 issued U.S. patents. More than 250 licenses have generated $55.8 million for the university during that time, with more than $34 million generated in the last four years.
Among public universities, UT Southwestern has ranked at or near the top in intellectual property revenue for several years. UT Southwestern's intellectual property revenue rose to $10.5 million in FY '02.
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 Patient Care
UT Southwestern faculty members and residents provide patient care at Southwestern's ambulatory care facilities, Zale Lipshy University Hospital, St. Paul University Hospital, Parkland Memorial Hospital, Children's Medical Center of Dallas, the Dallas Veterans Affairs Medical Center, UT Southwestern Moncrief Cancer Center in Ft. Worth, and other affiliated hospitals in Dallas and Fort Worth.
During FY '02 our doctors provided inpatient hospital care to more than 84,000 people, conducted about 2.1 million out-patient visits and delivered more than 16,000 babies.
Their efforts generated $174 million in patient fees for the university and provided $255 million in unreimbursed physician services to indigent and uninsured citizens of Dallas and surrounding counties. Referral services were provided to patients from all 50 states, the District of Columbia, the U.S. Virgin Islands and 20 foreign countries.
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 Employee and Student Spending During FY '02
During FY '00 UT Southwestern's employee salaries infused $378.7 million into the regional economy.
The medical center's 1,622 students and 1,600 postdoctoral trainees, interns and residents spend an estimated average of $17,329 a year for food, clothing, housing and other nonschool expenses. That's another $56 million for the North Texas economy.
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 Business Activity
Many jobs in the region depend on business UT Southwestern conducts in the community.
Last year the university made more than $124 million in total payments and purchases for supplies, equipment and services with businesses in Dallas County and around the state.
UT Southwestern has been successful in ensuring that its purchasing activities included Historically Underutilized Businesses (HUB), which are minority and/or women-owned firms. The Dallas Together Forum, in cooperation with four area Chambers of Commerce, honoredUT Southwestern with an award for noteworthy accomplishments in purchasing from minority enterprises. Nearly $17 million was paid to HUB companies in FY '02, representing 14 percent of purchases. HUB suppliers based in Dallas County received 29 percent of this amount, or about $5 million.
UT Southwestern's stimulus to the construction industry is of special importance. In FY '02 the medical center spent approximately $61 million on new construction. UT Southwestern has committed $550 million for construction over the next five years, which will generate 20,370 jobs in the region and stimulate $1.65 billion in regional business activity.
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