UNLV School of Medicine was officially established August 2014 and has made great progress towards their goal of becoming accredited and the first class of 60 students starting in the fall of 2017. One of the biggest accomplishments for the school in 2015 was their fundraising efforts where they raised $13.5 million in less than 60 days to provide the charter class of 60 students four-year scholarships, plus 25 additional scholarships for the following three years. UNLV’s timeline projects that they will be fully accredited by 2021 when the charter class graduates from the School of Medicine.
According to a recent UNLV progress update on their website, the economic benefit for southern Nevada should start to be seen by 2030 when the school and program are fully built out. They estimate 8,000 jobs will created, the health services sector will expand, an increase in medical innovations will stimulate the state economy, $60 million in annual government revenue for Nevada will be generated, and an annual economic impact of more than $1.2 billion will be generated.
For real estate, this means there will be an increase in locals doctors, resulting in an increase in the income base and in return a higher demand for higher value properties.
Shawn & Kyle CunninghamCunningham Group at RE/MAX Advantage
Source: UNLV School of Medicine