Eds and Meds in Local Economic Development
January 12, 2009 § Leave a comment
Economic development policymakers are increasingly looking to hospitals and universities as potential drivers of economic development in metropolitan areas, especially in central cities. These “eds and meds” institutions are large, immobile and often growing employers that hold the potential to offer relatively high-wage jobs to workers without college degrees. A number of metropolitan areas have large concentrations of colleges and universities, while health care institutions are more evenly spread out among metropolitan areas. This report examines the impact on metropolitan economic development of policies to expand health care and higher education institutions.