A study performed by Chmura Economics & Analytics was recently featured on the Danville Regional Medical Center’s website:

DANVILLE, Va. (June 29, 2010) - Danville Regional Medical Center’s local and regional annual economic impact is estimated to be $189 million in spending that supports 2,032 jobs in the Danville area in 2009, according to a report released today by Chmura Economics & Analytics.  The Danville area consists of the city of Danville and the county of Pittsylvania. 

“The hospital’s operations and capital investments generate significant impact on the local economy, including the support of 5.5% of the total employment in the Danville area.  With the potential entrance of a competitor to the outpatient surgical arena, the possible financial impact on Danville Regional could negatively affect the local economy,” said Chmura Economics & Analytics President and Chief Economist Christine Chmura. 

“With over $32 million in capital expenditures since 2005, Danville Regional’s capital efforts have had a larger impact than just the direct spending, representing direct, indirect and induced spending of over $50 million and 358 jobs, including 246 in this area,” Chmura adds.

Read more at danvillenewsandviews.com