Our Economic Impact
MCW Impact At-a-Glance
MCW collectively has a $5.82 billion direct operational economic impact on the United States’ economy in FY23.
Over 38,500 jobs were directly and indirectly supported by MCW in FY23.
The economic impact of MCW collectively results in $246.1 million in tax revenue to communities and school districts around the state.
Every $1 spent on research at MCW results in about $8 in economic output, stemming from tech transfer, i.e. new startup companies, growth of existing companies.
The Economic and Community Impacts of the Medical College of Wisconsin
MCW is a nationally-recognized private institution that contributes significantly to advancing health economic development and enhancing quality of life through educating the next generation of healthcare providers and scientists and state-of-the-art research. Our impact includes the total economic impact of MCW operations and the total impact of its hospital partner impact on the state of Wisconsin driven by MCW. The hospital partners of MCW include Froedtert Health, Children’s Wisconsin, and the Clement J. Zablocki VA Medical Center. MCW’s total value to the community is embedded in such collaborations.
A Healthier World
MCW ranks in the top 5% nationally among medical schools in the number of resident physicians it trains.
MCW is the state’s leading provider of specialty-trained doctors.
MCW graduates from FY23 who remain in Wisconsin will generate $25.2 billion over a lifetime of employment (40 years).
Driving Discovery
MCW is one of the top 100 research institutions in the U.S. (out of 20,000).
MCW conducted approximately $400 million in research, training and related purposes during fiscal 2023, including more than 3,800 research studies and clinical trials.
The research funding drove more than $826 million in economic activity and expenditures.
Community Impact
MCW’s community-based mission makes it unique among US medical schools demonstrating an outsized commitment to addressing root causes of health disparities and generating substantial social impact.
MCW makes vital contributions to the community. MCW invested more than $338 million in more than 600 community partnerships through the Advancing a Healthier Wisconsin Endowment.
MCW faculty, staff and students donate an estimated $27.1 million annually in contributions and services statewide.
Impact of Our Regional Campuses
Our Green Bay campus is located in a family-friendly city rich in culture. Our Central Wisconsin campus is nestled in a mid-size city in the heart of Wisconsin. Both offer a 3-year curriculum to advance our students' careers sooner.
MCW-Green Bay
- $96.1 million in overall economic impact was generated by MCW in the Green Bay region in FY23. This includes both direct spending of MCW as well as indirect and induced impacts of dollars in the region.
- MCW plays a direct role in sustaining more than 675 jobs in the Green Bay region, including over 70 direct jobs and 600 indirect jobs.
MCW-Central Wisconsin
- $41.2 million in overall economic impact was generated by MCW in the Central Wisconsin region in FY23. This includes both direct spending of MCW as well as indirect and induced impacts of dollars in the region.
- MCW plays a direct role in sustaining nearly 300 jobs in the Central Wisconsin region, including 75 direct jobs and more than 200 indirect jobs.
