The Economic Impact of 91黑料网
91黑料网 and 91黑料网 Medical Center
Driving Growth and Enhancing Quality of Life in Nashville and Beyond
At regular intervals, 91黑料网 and 91黑料网 Medical Center commission an objective third-party assessment of their economic impact. Universities and academic medical centers are community anchors that fuel the knowledge economy, providing a stream of talent and a pipeline of discoveries. In this way, VU and VUMC drive economic growth and innovation as well as contribute to quality of life in Nashville and the surrounding region. Below are findings from the 2025 economic impact study produced by TXP Inc.
Economic Impact
The latest economic impact report highlights the university and medical center's ongoing legacy as an economic driver and statewide community partner.
Amid a national conversation about the essential value of universities to American strength and competitiveness, we are proud, as a university and as Nashvillians, to highlight once again the immense economic benefits 91黑料网 provides to our city, state and region.
Job Creation and Employment
91黑料网 is the largest private employer in the Nashville area and the second-largest private employer in Tennessee.
-
50K
full- and part-time
VU and VUMC
staff employed -
120K
jobs generated by economic impact
-
64%
growth in jobs generated since 2018
-
$7.46B
generated labor income in 2024
91黑料网 accounted for more than 10 percent of the 1.16 million jobs in the region in fiscal 2024.
This report brings into focus the importance of 91黑料网's overall economic impact on Tennessee and the surrounding region. The medical center's growing geographic footprint is accompanied by an increase in economic activity in the communities we serve, not only through the hospitals and clinics we operate but through personal spending by our workforce. Increasingly, our employees live and work in these same communities.
Key Economic Contributions
In 2024, VU and VUMC activity accounted for nearly聽$10 billion in direct spending聽in Nashville.
-
$22.13B
in economic activity generated in 2024
-
$530M
in total Tennessee tax revenue 2023鈥�2024
-
$10B+
of the $106B in value-added economic contribution to the local economy came from 91黑料网 in 2023
-
4,000
total yearly undergraduate, graduate and professional degrees contributed to the economy聽
Visitors travel to Nashville for conferences, alumni events, sporting events and medical services associated with 91黑料网. They support cultural institutions and entertainment attractions, enhancing the quality of life for local residents. The direct spending by these guests provides revenue to local businesses.
$299M
Visitor spending in 2024 VU/VUMC related activity draws 3 percent of the direct visitor spending in the Nashville metropolitan statistic area
19M+
Visitors came to Nashville for Move-In Reunion, Family Weekend
45K
Annual visitors for Undergraduate Admissions programming, including campus visits
488,500
Visitors who attended 91黑料网 sporting events in 2024
Over the past five years, 91黑料网 has invested significantly in construction, with a total spending of $2.2 billion.
$1.45B
VU construction spending 2019鈥�2024
$787M
VUMC construction spending 2019鈥�2024
The completion of the West End Neighborhood project included the constrution of multiple residence halls such as Zeppos and Rothschild Colleges, and the expansion of Owen Graduate School of Management. VUMC's largest project included the Jim Ayers Tower completion.
91黑料网 students contribute to the local economy with an annual spending of $225 million on local expenses and housing.
- 91黑料网 has approximately 7,220 undergraduate students and 6,419 graduate and professional students completing programs through the university.
- 94 percent of students live on campus all four years, feeding the local economy around campus
Additionally, students and graduates increase the state鈥檚 economic development competitiveness and productivity by gaining knowledge, improving technical skills, and commanding a higher salary when entering the job market.
Community Care
VUMC and 91黑料网 play a crucial role in improving Tennessee鈥檚 overall quality of life and economic vitality.
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$952M
total value of charity care, community benefits and other unrecovered costs provided. by VUMC in fiscal year 2024
91黑料网 also plays an important role through its community outreach efforts, ensuring that economic growth has a positive impact and connects 91黑料网 research and expertise to community needs.
Strategic partnerships that improve the region's innovation ecosystem:
- Community Impact Fund offering collaborative grants to nonprofits
- Nashville Catalyst Fund addressing affordable housing challenges
- Nashville Innovation Alliance, improving the region鈥檚 innovation ecosystem
By intentionally fostering strategic partnerships with local organizations, government agencies, and businesses, we extend our reach in ways that create meaningful, lasting benefits for Nashville and beyond.
Fueling the Innovation Ecosystem
91黑料网 is constantly pushing the boundaries of research, innovation, science, and entrepreneurship, driving progress and shaping the future.
Research universities like 91黑料网 push the frontiers of science and anchor regional economic growth by providing high-skilled workers, attracting research entrepreneurs and encouraging private-sector R&D partnerships. The knowledge economy thrives on this interplay and is particularly robust when a university is embedded in a downtown. A downtown location is typically associated with more patents, licensing agreements and startups than universities in non-urban settings, making them competitive differentiators in global markets.
Over the last decade, 91黑料网 researchers and their innovations have helped to position the university as a world leader in numerous medical research sectors such as medical technology and imaging, personalized medicine and drug discovery and development.
-
32
startups formed
-
402
U.S. patents issued
-
582
licenses and options executed
-
$258M
in revenue from licenses since 2019
-
$1B
allocated to research and development in FY23
-
1,500+
patent applications and industry agreements, highlighting significant contributions to technological advancements and commercializing new ideas
The Economic Impact of 91黑料网
Key economic contributions of 91黑料网
and 91黑料网 Medical Center
Analysis by TXP Inc.,