Posted: September 9, 2014
The Ontario Veterinary College (OVC) at the University of Guelph is an economic engine, directly contributing more than $125 million to Ontario’s economy each year and generating 800 jobs annually, according to a new economic analysis by Deloitte LLP.
The global consulting firm reviewed the 152-year-old veterinary school as part of a process supporting reaccreditation. The report was officially released today during the opening of Canada’s Outdoor Farm Show.
The report said OVC provides the government with an excellent return on its investment, and contributes to the province and country in critical ways besides educating veterinarians.
“We’ve always known that the University of Guelph and Ontario Veterinary College contribute to the quality of life in our province, and this report shows just how significant an impact OVC has on Ontario’s economic vitality,” said U of G president Franco Vaccarino.
“It emphasizes the broad-based value OVC brings to the province and beyond, particularly in animal health and food production, food security and safety, emergency preparedness and infectious diseases.”
Almost one-third of veterinarians educated in Canada graduate from OVC, and the majority of them stay in Ontario. Private businesses established by these graduates have an estimated annual economic impact of $1.3 billion to the province, according to the report.
OVC-trained veterinarians also provide key support for Ontario’s meat, dairy, poultry and egg industries — a sector that is worth an estimated $20 billion annually, the report said. They also help ensure regulatory and protocol standards, safeguard against diseases and provide essential veterinary services…….
Read the full news release on the University of Guelph website.
Download a copy of the report at the following links:
Economic Impact Study of the Ontario Veterinary College at the University of Guelph: Executive Summary
Economic Impact Study of the Ontario Veterinary College at the University of Guelph: Final Report
OVC staff and faculty: Please be sure to join us in a presentation led by Dr. Elizabeth Stone for an OVC Community Meeting. This meeting include information and a discussion of the OVC Economic Impact Study as well as an OVC Update.
The meeting will be held September 15 from 12:30 p.m. to 1:30 p.m. in Room 1800 Pathobiology/ AHL building.