Medical School's Economic Impact
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SHREVEPORT JOURNAL, WEDNESDAY, JUNE 2, 1971 Medical School s Economic Impact Probably many Shreveporters were surprised by the prediction of James C. Gardner, Chamber of Commerce presi-dent, that the Louisiana State University Medical School will be the most impor-tant single e c o n o m i c factor in this community by the end of the present decade. He gave impressive figures to back up this conclusion in a recent speech at a Shreveport Jaycees' lunch-eon. A construction contract for $30 mil-lion which will be let this year will be the largest such contract in local history, Mr. Gardner said. The professional staff of the school by 1974-75 will consist of 300 holders of doctorates and master's de-grees, who on the average will be earning $24,000 a year. Four hundred other employes will have an average annual salary of $7,000. By 1980, Mr. Gardner remarked, the yearly budget of the school will amount to $15 million. In addition to the state appropria-tions, the institution will be receiving grants from the federal government, foundations, h e a l t h organizations and philanthropists. As the school grows and distinguishes itself, it will draw more gifts and grants to augment its regular budget. Most expenditures will be made in Shreveport or through local channels. Furthermore, the students will be spend-ing substantial sums that will accrue to community economy. As Mr. Gardner pointed out, the presence of the school will stimulate businesses operating in the health field and health agencies which will make a contribution to the economy of the area while performing their functions. The school affords the region as well as the city great opportunities for expanding professional training and research in health and biological sciences. Those programs will put more dollars into circulation here as well as strengthen the scientific capacity of the Shreveport area. The school will be able to offer certain types of consultant services to local institutions and agencies, saving them the expense of bringing experts from a d i s t a n c e . For instance, the N o r t h w e s t Louisiana School for the Mentally Retarded, which is to be built near Bossier City, can call on the Medical School faculty for advice on neurological and psychological conditions of its trainees. Various rehabilitation services in the Shreveport metropolitan area can take advantage of the technical knowledge available at the Medical School. With the assistance of that school, rehabilitation programs can be improved, thus prepar-ing more handicapped persons for gainful employment. Caddo and neighboring parishes can expect to gain an appreciable number of graduates of the school. An increase in the number of physicians, of course, will mean individual and public savings in health and employment. Proximity to the school will encourage doctors and health workers to take postgraduate study. As Mr. Gardner recognized, the school will have a profound influence on the progress of the community. Shreveport's cooperation and backing will be repaid with incalculable benefits.
|Title||Medical School's Economic Impact|
Gardner, James C.
Louisiana State University School of Medicine (Shreveport, La.)
|Identifier||See reference URL on the navigation bar.|
|Source||Louisiana State University Health Sciences Center Shreveport Medical Library (http://lib.sh.lsuhsc.edu)|
|Coverage-Spatial||Shreveport (Caddo, La.)|
|Rights||Physical rights are retained by Louisiana State University Health Sciences Center Shreveport. Copyright is retained in accordance with U.S. copyright laws.|