Veterinary medicine contributes $3.3 billion to New Engla...(ific research and development sector wit...),Health

Date:6/3/2008

ific research and development sector, with more than 5 percent of the state's veterinarians specializing in this area. The state is the fifth-largest in the nation for research animals registered under the Animal Welfare Act and veterinarians support the work of a vital life sciences industry in the state. With 8,000 employees statewide and a total economic impact of $1.3 billion in 2006, veterinary medicine is an essential part of the state economy.

In Connecticut, $83 is pumped back into the state's economy for every $100 spent by the veterinary industry, a multiplier of 1.83. For every 100 jobs in the industry, another 55 jobs in Connecticut are supported. Connecticut boasts a total veterinary economic impact of nearly $1 billion in 2006, the second largest in the region.

Maine has the nation's sixth-highest rate of pet ownership, with 70 percent of households (376,000 homes) owning one or more pets. The veterinary industry represents an economic impact of more than $290 million in the state.

New Hampshire residents spend the second-most in the region on veterinary clinical services per capita, at $94. The state also ranks second in median wages for veterinarians, at $78,180. Every $100 of veterinary industry spending in the state supports another $74 of economic activity in the state.

In Rhode Island, veterinary medicine employs an estimated 1,110 people, including 189 veterinarians. The industry invests an estimated $81 million on payroll, operating expenses and capital projects, including over $69 million in veterinary clinical practice, $5 million in scientific R&D and $6 million in academia.

Vermont has both the highest rate of pet ownership in the region and the nation74.5 percentand the region's highest per capita spending on veterinary clinical services ($97). Additionally, the state boasts the region's highest rate of veterinary practice ownership (52 percent of clinical practice veterinarians a
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Contact: Tom Keppeler tom.keppeler@tufts.edu 508-839-7910 Tufts University, Health Sciences Source:Eurekalert

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