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A new report shows Livingston County Center for Nursing and Rehabilitation is a powerful player in the local economy, contributing $52.7 million to the region annually.
The Livingston County Center for Nursing and Rehabilitation is a 266-bed county-run nursing home located in Mt. Morris. Livingston County government operates 75 percent of the county’s total institutional long term care capacity and is the eighth-largest nursing home provider in the Rochester region. Services include medical model adult day care, transitional rehabilitative care, outpatient rehabilitative care, traditional nursing home care, memory care, bariatric care, respite, and hospice care. Livingston County Center for Nursing and Rehabilitation is also a major employer directly and indirectly supporting 411 local jobs.
“For Livingston County taxpayers, now there is documented evidence of significant economic benefit associated with sponsorship of the County’s nursing home beyond the tangible benefit of meeting community need for aging services,” Franklin Bassett, Livingston County CNR director of long term care and administrator, said.
The report, “IMPACT: Services for the Elderly and Disabled — An Economic Powerhouse,” [PDF] by LeadingAge New York, tallies the economic impact of long term care providers — nursing homes, assisted living and other care and services — at the state level and examines the field’s impact within each of the 10 state-designated economic regions with spotlights on 18 providers across the state, including the Livingston County Center.
On the whole, the economic impact of senior living and services providers statewide is a staggering $29 billion annually, powerfully fueling the economy from the local level up.
LeadingAge New York President James W. Clyne Jr. said the report illustrates the impact long term care providers such as Livingston County have not just on New York’s elderly, but on communities and the state in its entirety. The report can serve as a vital reference to lawmakers as they consider the state budget.
“Non-profits are well known for the quality of the care they provide,” Clyne said, “but legislators and policymakers often overlook the economic impact that long term care providers have on the local economy.”
In the Finger Lakes region alone, for example, the economic impact of long term care providers is more than $1.6 billion annually. The impact of these providers is not just in dollars, of course. The report details the number of jobs supported by nursing homes alone – just one sector of the long term care field -- statewide as well as within each of the economic regions. Nursing homes in the Finger Lakes region support 13,764 jobs, and each worker pays taxes, buys food, clothing, household goods and services that encompass anything from haircuts to oil changes, child care to family dinners at a local diner.
A new report shows Livingston County Center for Nursing and Rehabilitation is a powerful player in the local economy, contributing $52.7 million to the region annually.
The Livingston County Center for Nursing and Rehabilitation is a 266-bed county-run nursing home located in Mt. Morris. Livingston County government operates 75 percent of the county’s total institutional long term care capacity and is the eighth-largest nursing home provider in the Rochester region. Services include medical model adult day care, transitional rehabilitative care, outpatient rehabilitative care, traditional nursing home care, memory care, bariatric care, respite, and hospice care. Livingston County Center for Nursing and Rehabilitation is also a major employer directly and indirectly supporting 411 local jobs.
“For Livingston County taxpayers, now there is documented evidence of significant economic benefit associated with sponsorship of the County’s nursing home beyond the tangible benefit of meeting community need for aging services,” Franklin Bassett, Livingston County CNR director of long term care and administrator, said.
The report, “IMPACT: Services for the Elderly and Disabled — An Economic Powerhouse,” [PDF] by LeadingAge New York, tallies the economic impact of long term care providers — nursing homes, assisted living and other care and services — at the state level and examines the field’s impact within each of the 10 state-designated economic regions with spotlights on 18 providers across the state, including the Livingston County Center.
On the whole, the economic impact of senior living and services providers statewide is a staggering $29 billion annually, powerfully fueling the economy from the local level up.
LeadingAge New York President James W. Clyne Jr. said the report illustrates the impact long term care providers such as Livingston County have not just on New York’s elderly, but on communities and the state in its entirety. The report can serve as a vital reference to lawmakers as they consider the state budget.
“Non-profits are well known for the quality of the care they provide,” Clyne said, “but legislators and policymakers often overlook the economic impact that long term care providers have on the local economy.”
In the Finger Lakes region alone, for example, the economic impact of long term care providers is more than $1.6 billion annually. The impact of these providers is not just in dollars, of course. The report details the number of jobs supported by nursing homes alone – just one sector of the long term care field -- statewide as well as within each of the economic regions. Nursing homes in the Finger Lakes region support 13,764 jobs, and each worker pays taxes, buys food, clothing, household goods and services that encompass anything from haircuts to oil changes, child care to family dinners at a local diner.
“The services and supplies providers purchase and the wages they pay create a ripple effect in local economies and support other businesses and the jobs they bring,” Clyne said.
The regional provider spotlights throughout the report rely on RIMS-II multipliers to highlight the impact individual organizations have on regional economic activity. RIMS-II multipliers are commonly recognized tools for gauging the economic impact of an enterprise, representing both the direct spending as well as the impact that spending has on regional economic activity. The RIMS-II multipliers used to calculate impact in this report were produced by the Regional Product Division of the Bureau of Economic Analysis on Sept. 12, 2011.
