Sparrow and McLaren together invested $ 1 billion in Lansing’s healthcare
LANSING – Economic development leaders say the combined investment of more than $ 1 billion by the two hospital systems in Grand Lansing is exactly what the region needs to strengthen its medical technology industry.
Sparrow Health System’s upcoming $ 800 million investment and McLaren Greater Lansing’s $ 600 million hospital and healthcare campus are important forces in the growth of medical and life science careers, has said Bob Trezise, President and CEO of the Lansing Economic Area Partnership. These additions to the healthcare ecosystem are helping recruit new medical technology companies in Greater Lansing, he said.
“Once again, Sparrow and our hospitals are putting us on the national map,” Trezise said.
Life sciences and health care account for $ 1.5 billion of Greater Lansing’s $ 3 billion in recent or ongoing economic investment, according to LEAP.
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Health and science-related jobs account for 10% of overall employment in the Lansing area, according to figures from the Bureau of Labor Statistics. This includes more than 11,000 health care practitioners or technicians, about 7,800 health care support jobs and about 3,000 life, physical science or social science jobs, according to the BLS.
“Health care is an essential part of our economic development,” said Tim Daman, President and CEO of the Lansing Regional Chamber of Commerce.
The availability of well-paying jobs in growing industries helps attract and retain people in Greater Lansing, but can also attract new businesses, Daman said. “Career options in healthcare will continue to be in high demand. “
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Trezise said there are few areas nationwide that can boast the level of medical investment Greater Lansing is seeing and that it can be a draw for medical technology companies.
A stand-alone emergency department in Okemos will be the first of Sparrow’s projects to go live and is expected to take place in the summer of 2022. Opening dates of a new five-story tower at the downtown hospital and an outpatient surgery center on Michigan Avenue are yet to be finalized.
McLaren’s new hospital will open in March 2022 after construction is completed at the end of this year. McLaren will transfer its patients in March and close its Greenlawn and South Pennsylvania Avenue campuses.
LEAP received a federal grant of $ 1.1 million to support its efforts to promote medical technologies. The money will be used to coordinate development efforts with existing businesses, create a start-up accelerator program, and promote Grand Lansing to attract new businesses.
“Economic development breeds economic development. The more we do, the more we will do, ”Trezise said.
Contact reporter Craig Lyons at 517-377-1047 or [email protected] Follow him on Twitter @craigalyons.