 Building for Tomorrow
The U.S. Census Bureau recently dubbed Arizona the fastest growing state in the nation. Arizona's hospitals are striving to meet the needs of communities throughout the state by issuing bonds, tapping cash reserves and raising funds from private sources in order to prepare for the future. Since 2000, Arizona's hospitals have invested nearly $1.3 billion in new hospital construction and expansion projects. This building boom has added 1,300 inpatient beds to the state.
Hospital construction activity will continue to surge in Arizona from 2007 to 2011. Hospitals will invest $3.3 billion to construct new facilities and expand existing structures. This construction will result in nearly 2,900 new inpatient hospital beds, a 20% increase in hospital's current inpatient bed capacity.
IMPACT OF HOSPITAL CONSTRUCTION SINCE 2000
From 2000 to 2006, construction and expansion of Arizona hospitals:
- Created more than 4,440 Arizona jobs each year
- Produced total payroll of $1.1 billion
- Infused $1.7 billion into Arizona's economy (gross state product)
BUILDING ARIZONA HOSPITALS & ENHANCING COMMUNITIES
From 2007-11, hospital construction in Arizona will: 
- Put people to work by creating 14,900 Arizona jobs each year
- Boost the economy and bolster family finances through $2.6 billion in total compensation from 2007 to 2011
- Enhance the state's economy by infusing $4.1 billion into Arizona's economy (gross state product)
Year to year from 2007 to 2011, hospital construction in Arizona will support jobs with an average annual total payroll of $520 million and a yearly contribution of $822 million to the state's overall economy (gross state product).
Source: AzHHA's 2007 Economic Impact Report
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