Economic Impact of Health Research
Investment: Funding sources for overall research and development (2004)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $180,500,000 | 41 |
| Industry | $44,900,000 | 44 |
| Universities | $40,700,000 | 38 |
| Non-profit | $3,000,000 | 45 |
| Other * | $3,100,000 | 50 |
| Total | $271,300,000 | 49 |
* 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 | 2 | $24,603 |
| Medical Device | 70 | $37,541 |
| Research, Testing, and Laboratories | 365 | $41,452 |
| Overall Private Sector | $37,692 |
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
Construction of the University
of Alaska Fairbanks Biosciences Facility is expected to produce $174 million in direct economic output,
$81 million in labor income, and an average annual employment of 385 workers.
In FY 2002, the state of Alaska
invested $15.6 million for research at University of
Alaska while grants and contracts brought in another $95.4 million-a
600% return on the state's investment. Each dollar invested in the
University in 2000 generated an additional
$1.66 from other sources and resulted in
$4.11 of spending in the state.