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EVMS receives 2013 Economic Impact Award

Story Date: Thu, 21 Feb 2013 09:34:00 EST

Economic Impact AwardAt its sixth annual Economic Impact Award Luncheon on Feb. 20, the Economics Club of Hampton Roads presented the 2013 Economic Impact Award to Eastern Virginia Medical School.

The decision to choose EVMS for the award was based on the 2012 report, The Economic Impact of Eastern Virginia Medical School in Hampton Roads, prepared by James V. Koch, PhD, Board of Visitors Professor of Economics at Old Dominion University and a former president of ODU.

In his report, Dr. Koch called EVMS “one of the region’s most powerful economic engines,” estimating its annual economic impact at $823.6 million.

See what Dr. Koch and other community leaders have to say about the impact of EVMS in this video.

“On behalf of our founders, Board volunteers, faculty, staff and students, I offer our heartfelt thanks to the Economics Club of Hampton Roads for this prestigious award,” EVMS President Harry T. Lester said in his comments to the audience of nearly 500. “We’re honored to play an essential role in the economic health of our community.”

The Economics Club of Hampton Roads established the award in 2008 to recognize outstanding practitioners of sound economic and financial policy, as well as the inextricable ties among local, national and international economies. The major criterion for the award is that the honoree’s economic/financial impact be wide-ranging and perceived by all to be for the common good.

The Economics Club was founded in 1991 as a community service by Dr. Koch and is administered by the Dean of the College of Business and Public Administration, under the supervision of an elected board.

Pictured above are Gil Yochum, PhD, Dean of ODU’s College of Business and Public Administration and Chair of the Economics Club of Hampton Roads (left), and EVMS President Harry T. Lester with the 2013 Economic Impact Award.