Maryland

Economic Impact of Health Research

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

* 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)

Source: Battelle Memorial Institute and Biotechnology Industry Organization (BIO), Growing the Nation's Biotech Sector: State Bioscience Initiatives 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 $11.5 billion and a total employment impact of 77,900 in 2005.

In FY 2000, the University System of Maryland contributed $1.76 billion to the state's economic activity and supported 21,400 jobs earning a total of $580 million.

In 2006, the Maryland Technology Enterprise Institute of the University of Maryland was involved in establishing 212 Maryland companies and creating 5,300 jobs. Since 1984, the Institute has had a $13 billion economic impact in the state.

Johns Hopkins University supports more than 85,000 Maryland jobs and annually adds $7 billion in income to the Maryland economy. The state invested $20 million in the Bunting-Blaustein Cancer Research Building in 1999 and now the building expands cancer research by $23 million each year, supports 690 new Maryland jobs, and generates $31 million in spinoff income from other businesses in Maryland.

For every dollar the University of Maryland, Baltimore received from the state in FY 2006, the University returned $16.54 in economic activity.