Helping Georgia Achieve Its Potential (2008)

Nurse working at a busy hospital

Emory's economic role in the community is extensive.

Last year, operating expenses in the Woodruff Health Sciences Center (WHSC) totaled $2.3 billion, with an estimated economic impact on metro Atlanta of $5.5 billion. The WHSC makes Emory the largest private employer in Atlanta and the second largest private employer in the state.

The WHSC also contributes extensively to the economy through new construction, including a multi-year investment for enhancements to Emory Healthcare. The site is being prepared now for a new 395,000-square-foot Emory Clinic facility, to be built next to the current clinic. Planning and design are under way for a new 250-bed inpatient facility to be built across the street from the current Emory University Hospital (EUH) facility. The new facility will replace 100 beds in the current EUH facility, for a net gain of 150 beds. It also will include a new emergency department to replace the current one in EUH. Plans are also under way for other clinical and research additions to the campus at Emory University Hospital Midtown (formerly Emory Crawford Long Hospital), located in midtown near Georgia Tech. Other slated construction includes new buildings for research and for public health and renovation of the field station at Yerkes National Primate Research Center.

The WHSC also is helping Georgia become a leader in biotechnology. The WHSC is a major player in technology transfer, with eight licensed therapeutic products currently in the marketplace and 20 others in development or approval. Emory has launched 46 start-up companies in the past decade, some with help from EmTech Bio, an Emory/Georgia Tech biotech incubator.