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Northern Ontario School of Medicine generates up to $82M per year: study

Direct spending by the Northern Ontario School of Medicine (NOSM) and its undergraduate medical students reaches $37 million every year, creating between $67 million and $82 million in regional economic activity, according to a recent study.
Northern Ontario Business Staff

 
Direct spending by the Northern Ontario School of Medicine (NOSM) and its undergraduate medical students reaches $37 million every year, creating between $67 million and $82 million in regional economic activity, according to a recent study.

At an event hosted Feb. 9, the school released the findings of a report entitled "Exploring the Socio-Economic Impact of the Northern Ontario School of Medicine." It was conducted by the Centre for Rural and Northern Health Research, Lakehead University and Laurentian University with support from the provincial Ministry of Health and Long-Term Care.

Job creation is also a factor, with NOSM funding over 230 full-time equivalent (FTE) positions, with an anticipated 420 to 510 FTE positions supported in the North through the school's economic effects. The school also pays stipendiary fees to more than 670 physician teachers in various educational and research sites in more than 70 Northern Ontario communities.