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Economic Impact
In addition to the lives that are impacted by BayCare’s commitment to not-for-profit health care, a major study by the Washington Economics Group, Inc., confirmed that BayCare also plays an important role as an economic engine for the Tampa Bay region and Florida.
The study showed that BayCare’s size and economic impact attract other high-skilled industries and jobs to the region. According to the study, BayCare:
■ Generates a $6.6 billion impact on the region and state
■ Is the second largest private employer in the Tampa Bay region, with 26,900 team members
■ Supports $2.4 billion in household income annually
■ Is financially sound and plans $1.76 billion in capital expenditures on equipment and facilities over the next five years
BayCare plays an important role as an economic engine for the Tampa Bay region and Florida.
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