The Economic Contributions of Marian University's College of Osteopathic Medicine

Abstract

During the development of the College of Osteopathic Medicine, Marian will invest $32,011,130 (not including financing costs) in building improvements and equipment purchases as well as over $700,000 in professional services contracts. The annual operating budget of the College will range from $14.6 million in 2013 to $18.2 million in 2016. Total employee compensation (wages and benefits) at Marian attributable to the College of Osteopathic Medicine will range from $7.6 million in 2013 to $10.5 million in 2016, and the number of students will gradually increase from 150 in 2013 (first year of classes) to 600 in 2016.