Economic Impact of Health Research
Investment: Funding sources for overall research and development (2004)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $169,800,000 | 43 |
| Industry | $401,000,000 | 33 |
| Universities | $36,900,000 | 40 |
| Non-profit | $3,100,000 | 43 |
| Other * | $11,800,000 | 38 |
| Total | $622,600,000 | 41 |
* 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 | 408 | $40,633 |
| Medical Device | 1,138 | $42,024 |
| Research, Testing, and Laboratories | 3,095 | $52,841 |
| Overall Private Sector | $36,110 |
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 Nevada, Reno (UNR) had an economic
impact of $611.3 million in 1999-2000. The University directly employed 5,700 people and induced nearly 10,800 jobs in the local economy.
According to a report from BIO and Battelle,
Nevada
legislation included $5.4 million
for a Biotechnology and Genomics
Research Facility at UNR and $10.15
million for start-up research expenditures at the Nevada Cancer Institute.