Direct and Indirect Economic Impacts
Our economic activity impacts a wide range of stakeholders. Common direct impacts include financial transactions, such as payments of wages, taxes, and dividends, and the distribution of philanthropic grants and cash contributions.
Indirect impacts, while harder to quantify, include jobs created by our suppliers and increases in productivity for patients benefiting from our therapies. Our remote monitoring products and minimally invasive surgery techniques also have the potential to reduce healthcare costs by reducing hospitalization.
Medtronic’s primary assistance from governments comes from R&D credits in the United States and Ireland, as well as government grants in locations undergoing expansion, such as San Antonio, Texas, USA, and Singapore.
