Economic Impact of Health Research
Investment: Funding sources for overall research and development (2004)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $170,700,000 | 42 |
| Industry | $72,600,000 | 42 |
| Universities | $29,100,000 | 44 |
| Non-profit | $1,400,000 | 50 |
| Other * | $21,300,000 | 35 |
| Total | $295,000,000 | 48 |
* 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 | 83 | $33,080 |
| Medical Device | 370 | $32,482 |
| Research, Testing, and Laboratories | 407 | $42,051 |
| Overall Private Sector | $26,608 |
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 life
sciences cluster in Montana consisted of nearly 20,000 employees in 445
establishments in 2000.
The Montana
University System consists of 8 universities that together employ 6,800 people and spend more than $480 million to
supports the Montana
economy. The system also attracts $300
million from out-of-state sources.
According to a report from BIO and Battelle,
other economic achievements include creation of The Montana Bioscience Alliance, the opening of two laboratory incubators, and
development of a venture-capital program through the Montana Associated Technology Roundtables.