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Boosting the Local Economy
The UMC bond is not just about improving healthcare; it's a catalyst for significant economic growth in El Paso. The bond will inject approximately $166 million into local trades through construction and infrastructure development, directly benefiting local businesses and suppliers. This substantial investment will ripple through the economy, creating a healthier financial ecosystem that supports small businesses and fosters long-term economic stability.
Job Creation and High-Paying Positions
One of the most immediate benefits of the UMC bond is job creation. The bond is projected to create over 4,400 construction jobs during the building phase of the healthcare facilities. These jobs will provide good-paying opportunities for local workers, stimulating the economy and reducing unemployment rates.
Once the facilities are operational, the bond will support the creation of more than 500 permanent healthcare positions. These are high-paying, stable jobs that will attract top talent to El Paso, further strengthening our healthcare system and ensuring that our city can offer world-class medical care.
Attracting Skilled Healthcare Professionals
With the establishment of advanced medical facilities like the Burn Center and Comprehensive Cancer Center, El Paso will become a hub for skilled healthcare professionals. The presence of these facilities will attract top-tier doctors, nurses, and specialists who are eager to work in state-of-the-art environments. This influx of skilled professionals will not only improve the quality of care available to residents but will also contribute to the local economy as these professionals become active members of the community.
Long-Term Economic Benefits
With the establishment of advanced medical facilities like the Burn Center and Comprehensive Cancer Center, El Paso will become a hub for skilled healthcare professionals. The presence of these facilities will attract top-tier doctors, nurses, and specialists who are eager to work in state-of-the-art environments. This influx of skilled professionals will not only improve the quality of care available to residents but will also contribute to the local economy as these professionals become active members of the community.
Minimal Financial Impact on Taxpayers
The bond’s financial impact on individual taxpayers is minimal—an average of just $5.79 per month per household over a 30-year term. This modest investment will yield immense returns in terms of economic growth, job creation, and improved healthcare access. Importantly, the bond is structured to ensure that no additional taxes will be needed to maintain these new facilities, making it a fiscally responsible choice for El Paso’s future.