The Health Care/Community Development Connection
Hospitals Move Beyond Traditional Roles
By Amy Simpkins
Community Affairs Specialist
Federal Reserve Bank of St. Louis
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An affordable housing development by Avenue CDC in Houston nears completion. Funding came from Community Direct Investment, a program of CHRISTUS Health. |
The importance of the health sector frequently surfaces in discussions surrounding community development. In many ways, hospitals and health-care organizations contribute to the stability and growth of the local economy.
Most obviously, there are jobs created by such organizations. The impact on quality of life is another benefit health-care organizations can bring to the local economy. The presence of a health-care organization might make a community more attractive to citizens and businesses alike. The U.S. Small Business Administration and the Ewing Marion Kauffman Foundation both point to a link between access to affordable health care and entrepreneurship and small business development. ...FULL STORY
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