Leading Economist Emphasizes that Relocation of Washington Adventist Hospital Will Create Jobs, Help Region - Adventist HealthCare

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Media Contact: Betty Klinck

Published on June 03, 2015

Leading Economist Emphasizes that Relocation of Washington Adventist Hospital Will Create Jobs, Help Region Meet Full Economic Potential

Stephen Fuller, Ph.D., Calls Hospital Project an “Economic Magnet”

Takoma, MD – Stephen S. Fuller, Ph.D., renowned Washington area economist, states the proposed relocation of Washington Adventist Hospital to White Oak, plus outpatient services provided on the hospital’s Takoma Park Campus, will be a key economic force in helping both Montgomery County and Prince George’s County achieve their economic potential.

In a newly released study of the economic impacts of the project, Fuller, director of the Center for Regional Analysis at George Mason University, says the hospital’s importance as a catalyst for jobs and further economic development within the White Oak Science Gateway Master Plan can generate significant and continuing economic benefits to the local and state economies.

“The construction, operation and the ultimate build out of its campus will solidify the development forces that will shape the future of the White Oak Science Gateway area and significantly contribute to the region’s economic vitality,” Fuller said. “It is unlikely that an alternative economic force with the same qualities and connectivity could be found to fill the function within the future development of this portion of Montgomery County,” he added.

Some of the economic impacts associated with construction and operation of the White Oak site and related spending at the Takoma Park campus include:

  • Contributing $845.6 million to the state’s economy during construction;
  • Construction will support 3,896 jobs and generate $183.3 million in new personal earnings to workers residing within Montgomery County and Prince George’s County;
  • Post-construction spending of $214.8 million by Adventist HealthCare will generate a total contribution to the regional economy totaling $307.9 million in 2019;
  • Post-construction economic activity related to Washington Adventist Hospital will support a total of 1,901 jobs, of which an estimated 1,184, or 62 percent, would be held by local residents with personal earnings totaling $79.5 million.

The proposed new 170-bed acute care hospital and medical campus is on 48 acres at Plum Orchard Drive and Cherry Hill Road near White Oak, along the border of Montgomery County and Prince George’s County. All major traffic and land-use approvals are already in place for the site, which is near the headquarters of the U.S. Food and Drug Administration (FDA).

According to the report, Washington Adventist Hospital is the critical next component in creating the necessary conditions within the White Oak Science Gateway to achieve its full economic potential. Its position in this development sequence is unique because Washington Adventist Hospital will:

  • Help extend the FDA’s economic benefits into the local economy;
  • Be a major economic generator that will strengthen the surrounding markets for supporting land uses;
  • Generate investors’ confidence within the Science Corridor;
  • Enhance the Corridor’s name and business reputation;
  • Stimulate significant new investment on adjacent properties.

A Memorandum of Understanding (MOU) between the hospital and the FDA in place since 2009 set forth ongoing collaboration on health research and medical innovation.

“We are thrilled that Dr. Fuller’s professional assessment brings to light what we and the thousands of our supporters have long recognized – that this project has unprecedented value to our community,” said Erik Wangsness, president of Adventist HealthCare Washington Adventist Hospital. “The relocated Washington Adventist Hospital in White Oak and the outpatient services provided on the Takoma Park campus will continue to keep the region’s health-care infrastructure strong and improve the health of the economy.”

The report goes on to conclude that the location of Washington Adventist Hospital in White Oak has the potential to start a development process that ultimately will represent new private investments totaling more than $5 billion and providing work space for more than 8,000 workers beyond those employed on the FDA campus.

A decision by the Maryland Health Care Commission on the proposed relocation of the hospital is expected later this year. Find more information on the proposal at www.OurCommunityTransformed.org.

Adventist HealthCare Washington Adventist Hospital, a not-for-profit, 232-bed acute-care facility located in Takoma Park, Maryland, is part of Adventist HealthCare’s system of complete health-care services. Adventist HealthCare Washington Adventist Hospital, Montgomery County’s first cardiac center, is a Cycle IV Chest Pain Center and Designated Stroke Center.

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