Vet medicine has $1.5 billion economic impact
- Associated Press
- June 10, 2012 - 7:22 AM
MINNEAPOLIS - A new study which measured the financial impact of veterinary medicine in Minnesota finds it contributes $1.5 billion annually to the state's economy.
The report from the University of Minnesota Extension and Department of Applied Sciences attributes that figure to the economic activity generated by an estimated $680 million in annual combined wages and salaries of 14,500 people employed in the state's veterinary medicine industry.
The study found 10 of Minnesota's 87 counties do not have a private veterinary practice. Those practices account for the bulk of the veterinary workforce, employing 7,700 people in Minnesota with $550 million in salaries and wages. The state Board of Animal Health, the Minnesota Zoo, and the Minnesota Departments of Health, Agriculture, and Natural Resources employ 97 veterinarians and generate $24 million in economic activity.
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