Economic Impact of Health Research

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

Source of R&D Funding Investment State Rank
Federal Government $249,200,000 38
Industry $10,800,000** 46
Universities $47,700,000 36
Non-profit $20,300,000 30
Other * $7,300,000 43
Total $1,665,400,000 30

* 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 671 $54,366
Medical Device 3,076 $46,774
Research, Testing, and Laboratories 1,041 $50,146
Overall Private Sector  $39,545

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 System of New Hampshire had an economic impact of more than $890 million in FY 2005 and directly employed more than 7,600 people.

The New Hampshire Innovation Research Center has awarded 156 grants worth more than $4.5 million to 111 companies.

The New Hampshire Business Resource Center reports that nearly new 540 patents were obtained in the state in 2005 and high tech wages averaged $69,100 in 2003.

The New Hampshire Biotechnology Council notes that 120 biotechnology and biomedical companies operate in New Hampshire.