In FY2024, Johns Hopkins invested over $871.1 million in new construction and facility improvements across academic, clinical, and research infrastructure. Collectively, capital investments by The Johns Hopkins University, The Johns Hopkins Health System, and its affiliates generate approximately $2 billion in annual economic impact, supporting 10,220 full-time jobs with $762 million in employee compensation within Maryland.
Key Points:
- Approximately $6.4 billion is planning in capital spending across John Hopkins’ footprint between FY2025-FY2028, with $4.4 billion focused in Baltimore
- John Hopkins’ 5-year annual economic impact in Maryland is $2 billion, with a direct impact of $1.3 billion
- Direct capital investments are estimated to generate approximately $1.2 million in annual tax revenue for Baltimore
- The new, cutting-edge Data Science and Artificial Intelligence Institute at John Hopkins in Baltimore is slated for completion in 2029
A Weekly Breakdown of John Hopkins University’s Economic Impact – Only in Center Maryland.