The economic impact of ancillary spending by students, visitors, patients, and athletics is $1.4 billion in Maryland, supporting over 7,800 jobs and generating $264 million in employee compensation each year.
Key Points:
- Student ancillary spending totals $397 million, with 80% circulating within the local Baltimore economy
- Hospital visitors and accompany guests to Johns Hopkins’ facilities account for more than 4.3 individuals annually, generating an estimated $772 million in ancillary spending within Maryland
- John Hopkins attracts nearly 6 million visits annual, generating an estimated $1 billion in ancillary spending
- The ancillary spending has a multiplier effect throughout the region, generating $ $1.4 billion in total output, supporting nearly 8,000 jobs with $264 million in earnings within Maryland
A Weekly Breakdown of John Hopkins University’s Economic Impact – Only in Center Maryland.