Independent Analysis Details Banner Health's Economic Impact in Arizona
What happened
An independent analysis found that Banner Health, Arizona's largest private employer, supports approximately 120,000 jobs across Arizona. The non-profit health system generates $25.3 billion in annual economic output and contributes $610.1 million in state and local tax revenues.
From manilatimes.net
Why it matters
The analysis further detailed that Banner Health generates $10.1 billion in annual labor income. Nearly 48% of the jobs supported by the health system occur outside of the healthcare sector, indicating a broad economic effect across Arizona.
From manilatimes.net
Who's involved
- Banner HealthNon-profit health system and Arizona's largest private employer
- ArizonaState where Banner Health operates as a major employer
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Maricopa CountySpeculative
Maricopa County might see increased fiscal health due to indirect job creation and tax revenues.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Banner Health's economic engine supports Maricopa County's largest share of jobsBanner Health's economic engine supports Maricopa County's largest share of jobsAlready happening
- What could Banner Health's economic contributions mean for Governor Katie Hobbs's administration?Banner Health's economic output strengthens Arizona's state fiscal baseLikely
- Banner Health's economic engine may boost Glendale's local demandGlendale may see increased demand from Banner Health's economic activityPossible
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The entities involved
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Banner Health
non-profit health system in the United States, based in Phoenix, Arizona
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Arizona
state of the United States of America