Economic Impact of Health Research
Investment: Funding sources for overall research and development (2004)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $1,961,900,000 | 15 |
| Industry | $659,900,000 | 30 |
| Universities | $106,600,000 | 25 |
| Non-profit | $22,200,000 | 28 |
| Other * | $9,400,000 | 41 |
| Total | $2,759,900,000 | 26 |
* Other represents funding from state and local governments and funding for Federally Funded Research and Development Centers from non-federal sources.
Source: National Science Foundation, National Patterns of R&D Resources , 2006
Economic Impact: Statistics for research-driven health
industries (2004)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 445 | $40,606 |
| Medical Device | 2,754 | $30,781 |
| Research, Testing, and Laboratories | 2,885 | $45,393 |
| Overall Private Sector | $32,816 |
Source: Battelle Memorial Institute and Biotechnology Industry Organization (BIO), Growing the Nation's Biotech Sector: State Bioscience Inititives 2006
Highlights from local economic impact studies
The Association
of American Medical Colleges reports that the member medical schools and
teaching hospitals in Alabama had a combined economic impact of $4.4 billion and a total employment impact of 30,400 in 2005.
The University of Alabama at Birmingham has an economic impact of more than $3 billion on the Birmingham metro area and accounts for 52,900 local jobs.
According to a report from BIO and Battelle,
The Cumming Research Park is
creating a Biotech Campus which will
house the Hudson-Alpha Institute for
Biotechnology. This new institute is expected to employ 500-600 by 2008 and up
to 1,600 in 10 years.