OHCA 2020 Oregon Long Term Care State Report

2020 Oregon Long Term Care State Report www.ohca.com 11 Economic Impact, Workforce, and Training Oregon’s long term care services sector has a significant economic footprint. However, workforce shortages remain one of the biggest challenges facing long term care providers. Economic Impact The total annual footprint of Oregon’s long term care service sector is nearly $11 billion. 16 This figure includes direct, indirect, and what economists call the ‘induced’ impact of the sector. Further, the sector generates more than $1.5 billion in combined federal and state tax revenue, including over half a billion dollars in state tax revenue per year. This means that the long term care sector contributes more than $1 billion per biennium in general fund revenue. It also means that the sector provides significant employment opportunities and living wage jobs. Oregon’s long term care service providers create nearly 124,000 jobs 17 These jobs include a diverse array of occupations, including nurses, personal care aides, social workers, cooks, and groundskeepers. The long term care service sector touches all regions of Oregon. In Umatilla County, for example, the sector provides more than 1,669 jobs and generates almost $152 million in annual economic impact, while in Multnomah County, the sector provides nearly 23,000 jobs and more than $2 billion of economic impact. The statewide economic impact of the sector is striking. Economic Impact of Long Term Care Sector in Oregon DIRECT IMPACT $5.016 billion TOTAL IMPACT $10.906 billion FEDERAL TAX REVENUE GENERATED $1.051 billion STATE TAX REVENUE GENERATED $514.8 million COMBINED TAX REVENUE GENERATED $1.565 billion TOTAL EMPLOYMENT 124,000 Source: AHCA/NCAL Research Division (2020). Analysis of data from Bureau of Economic Analysis, U.S. Department of Commerce (2018); IMPLAN Group LLC, IMPLAN System (data and software).