Economic Impact of Health Research

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

Source of R&D Funding Investment State Rank
Federal Government $283,600,000 35
Industry $402,000,000 32
Universities $77,800,000 28
Non-profit $15,500,000 32
Other * $34,300,000 29
Total $814,100,000 38

* 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 329 $45,359
Medical Device 1,342 $37,249
Research, Testing, and Laboratories 2,619 $49,615
Overall Private Sector  $30,451

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 Oklahoma Medical Research Foundation has an annual economic impact of $46 million on the state's economy and supports more than 1,000 Oklahoma jobs.

In FY 2007, Oklahoma University received $252 million in external funding for research and their efforts are expanding. The new 152,000-squarefoot Stephenson Life Sciences Research Center is being built to accommodate 30 research groups.

For every dollar the Oklahoma State University receives from the state, it produces $13 in economic output. OSU accounts for 31,200 jobs in the state and has a yearly economic impact of $1.89 billion on the state.

The Oklahoma Bioscience Industry Cluster reports that the life sciences industry has a $3.4 billion economic impact on the state and supports 90,000 jobs.