Investment Will Bring New Jobs
May 27, 2010
Spring Hill, Florida – The Tampa Bay Regional Planning Council (TBRPC) has released a report on the projected impact of the $6.5 million bed addition to the sixth floor of Oak Hill Hospital which will be completed in the first quarter of 2011. The Council’s report, which was requested by the Hernando County Office of Business Development, concludes that, upon completion, the 20 private room addition to the cardiac services unit would ultimately add an additional 41 jobs to the hospital.
The report also stated that the 41 direct jobs at the hospital are estimated to generate an additional 25 induced and indirect jobs for a total of 66 new jobs within Hernando County. The combined jobs created will generate an average of $3.5 million in new personal income annually at full capacity.
The report also stated that, at full employment, these combined jobs also contribute nearly $3.6 million to the Gross County Product in each year. (The Gross County Product is a concept analogous to the national concept of Gross Domestic Product.) It represents compensation and profits.
The construction permitting for this complex construction project was expedited by the Hernando County Building Department. This was accomplished by a coordinated and collaborative effort of the county, hospital management, project architects, and contractors. Through this teamwork the expansion will be completed in a shorter timeframe bringing new jobs to the county more quickly.
Oak Hill Hospital officials are available for comment. To arrange for interviews, please call 352-597-6383.
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