Economic Impact of Health Research
Investment: Sources of funding for overall research and development (2004)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $121,300,000 | 47 |
| Industry | $395,900,000 | 35 |
| Universities | $16,400,000 | 50 |
| Non-profit | $7,300,000 | 38 |
| Other * | $5,000,000 | 47 |
| Total | $545,900,000 | 43 |
* 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 | 36 | $51,010 |
| Medical Device | 608 | $34,236 |
| Research, Testing, and Laboratories | 201 | $41,984 |
| Overall Private Sector | $32,720 |
Source: Battelle Memorial Institute and Biotechnology Industry Organization (BIO), Growing the Nation's Biotech Sector: State Bioscience Initiatives 2006
Highlights from local economic impact studies
The
University of
Vermont had annual expenditures of $348 million and directly
employs more than 3,330 people.
Members of the Association of
Vermont Independent Colleges have an annual economic impact of $400
million on the state.
According to a report from BIO and Battelle,
the University
of Vermont received a
$16.5 million NIH grant for biomedical
studies and education, a portion of which will support the Vermont Genetics Network.