Economic Impact of Health Research
Investment: Funding sources for overall research and development (2004)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $354,600,000 | 33 |
| Industry | $9,500,000** | 47 |
| Universities | $68,500,000 | 32 |
| Non-profit | $5,700,000 | 39 |
| Other * | $52,700,000 | 20 |
| Total | $651,100,000 | 40 |
* Other represents funding from state and local governments and funding for Federally Funded Research and Development Centers from non-federal sources.
**Incomplete data on R&D performed by industry.
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 | 1,178 | $33,879 |
| Medical Device | 966 | $29,575 |
| Research, Testing, and Laboratories | 819 | $39,132 |
| Overall Private Sector | $28,027 |
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 University of Mississippi
has an annual economic impact of $734
million on the local economy and supports 7,000 jobs. This accounts for 50%
of the local economy.
According to a report from BIO and Battelle,
the Mississippi Angel Network was
formed in 2005 and invests between $500,000
and $5 million in life sciences and other technologies.
Mississippi State University's Life
Sciences and Biotechnology Institute
promotes economic development by
awarding competitive seed grants for research.