Economic ImpacT: By the numbers
an unprecedented investment in the regional economy
The construction of a modern hospitals system will directly stimulate our region’s economy, attract future investment in medical programs and research, all while providing the healthcare capacity to keep Windsor-Essex economically competitive as a destination of choice for international businesses.
In May 2020, KPMG undertook an updated assessment of the project’s economic impact. The report indicated that hospital construction would create thousands of local jobs and generate billions of dollars for Windsor-Essex and throughout Ontario.
The KPMG Report: By The Numbers
$1 Billion in local labour income
The report estimates that the total labour income (employee compensation) generated by the project exceeds $1.12 billion, with $1 billion allocated for Ontario workers alone.
11,600 Local jobs
The study estimates that the project will generate over 12,800 full-time equivalent positions over its lifetime, 11,673 of which will be located in the regional economy.
$1 Billion impact on regional gdp
The study estimates that the construction of the hospitals system will contribute approximately $1.73 billion to Canada’s GDP. Of this, approximately $1.57 billion will be accrued to the regional economy.
$276 Million in government revenue
The study estimates that the project will generate $276 million in federal, provincial, and municipal taxes. Of this amount, $112 million will be collected by the Government of Ontario and $105 million by municipal governments across the region.
A SHOT IN THE ARM FOR THE WINDSOR-ESSEX ECONOMY
Putting shovels in the ground for a new Windsor-Essex hospitals system will directly create thousands of high-quality local jobs. The legacy of this project will mean many more in medical sciences, patient care, and medical research.
It’s a desperately needed investment in Windsor-Essex’s health and prosperity for generations to come.