Economic Impact of Health Research

Investment: Funding sources for overall research and development (2004)

Source of R&D Funding Investment State Rank
Federal Government $2,240,000,000 11
Industry $5,485,300,000 10
Universities $82,200,000 27
Non-profit $66,500,000 11
Other * $7,000,000 45
Total $7,881,100,000 11

* 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 9,758 $105,327
Medical Device 8,776 $54,365
Research, Testing, and Laboratories 6,961 $78,571
Overall Private Sector  $51,614

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

In 2005, Connecticut approved legislation authorizing $100 million to fund stem cell research in the state.

The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $7.7 billion and a total employment impact of 53,700 in 2005.

According to CURE, Connecticut's bioscience R&D spending was $286 million in 2005. The state's bioscience industry supported a total of 57,000 jobs and had an economic impact of more than $17 billion.

The University of Connecticut and the University Health Center received more than $188 million in external research funding in FY 2003. This created more than 5,100 jobs and added $397 million to the gross state product.