Oct. 22, 2021
Tripp Umbach
Abstract: The Lincy Institute releases an update on the return on investment (ROI) data for a UNLV School of Medicine (SOM). Lincy first presented this data from the consulting firm Tripp Umbach in 2013 as part of an analysis on the potential economic impact of a medical school in southern Nevada. The data shows that by the middle of the next decade, a UNLV SOM launched in 2017, would provide as much tax revenue to the state general fund as Nevada puts in the school via an annual operating funding stream. By 2030, the UNLV SOM should have a positive ROI of $1.33 inputted by taxes versus $1.00 outlayed in state funding. Finally, Tripp Umbach predicts that by 2030, a UNLV SOM would add $1.2 billion to the Las Vegas regional economy.