Economic Impact of Health Research
Investment: Funding sources for overall research and development (2004)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $2,632,900,000 | 8 |
| Industry | $2,287,600,000 | 21 |
| Universities | $237,300,000 | 10 |
| Non-profit | $51,300,000 | 15 |
| Other * | $199,600,000 | 4 |
| Total | $5,408,800,000 | 17 |
* 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 | 4,160 | $49,329 |
| Medical Device | 23,507 | $48,240 |
| Research, Testing, and Laboratories | 20,073 | $49,797 |
| Overall Private Sector | $34,421 |
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 the state had a combined economic impact of $14.7 billion (ranked 9th in the
country) and a total employment impact
of 105,200 in 2005.
In 2005-2006, the University
of Florida had an economic
impact on the state of $5.85 billion and supported 74,900 jobs.
The University
of South Florida has an economic
impact of $3.2 billion on the Tampa
Bay area and directly employs 12,500 people.
In 2001, the State of Florida's investments
in University Research Centers generated nearly 7,000 jobs. The return on
investment of state funding of research was 217%.
The Scripps Florida
Biotech Research Institute is expected to support nearly 6,500 jobs and
contribute $3.2 billion to the Gross State Product during its first 15 years.