Johns Hopkins—the largest private employer in Maryland—delivered a $40 billion economic impact across the state last year, including supporting 149,000 jobs, according to a new analysis.
In Baltimore alone, Johns Hopkins’ annual economic impact was estimated at $19.4 billion—including university and health system operations that supported one in every five jobs in the city, according to an independent analysis by Econsult Solutions Inc.
Key Points:
- Research by the university and health system generated a $10 billion cascade of economic impact across the state, supporting nearly 38,000 MD jobs
- Day-to-day operations of Johns Hopkins University generated a direct annual impact of $5.4 billion in Baltimore
- In FY2024, the Johns Hopkins Health System provided $597 million in community benefits throughout Maryland and Washington
- Since 2015, the HopkinsLocal program spent more than $1 billion with local businesses
Stay tuned for further breakdowns of John Hopkins’ Economic Impact – Only in Center Maryland.