Employment in health care has grown 20 percent since 2000, making it northeast Ohio’s largest employment growth sector, according to an economic development report released Sunday.
In the 18-county northeast Ohio region, which includes the Mahoning Valley, health care is a $14 billion dollar sector, with some 177,000 employees, according to the quarterly Cleveland Plus Economic Review.
Research expenditures by medical institutions and universities have nearly doubled, growing from $370 million in 2000 to more than $660 million in 2012, the report said.
The gross regional product in health care grew by 25 percent, or $3 billion, between 2000 and 2014, the report said.
Over the past 14 years, health care has grown from 7 percent to 9 percent of regional employment and from 5.5 percent to 7 percent of the gross regional product.
GRP is the total output of goods and services in the region, estimated at $197 billion for 2014.