Economic Impact of Health Research
Investment: Funding sources for overall research and development (2007)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $632,000,000 | 44 |
| Industry | $337,000,000 | 39 |
| Universities | $42,000,000 | 41 |
| Non-profit | $19,000,000 | 32 |
| Other * | $53,000,000 | 23 |
| Total | $632,000,000 | 44 |
* 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, 2008
Population (2011)
| Residents | State Rank | |
| Population, June 1, 2011 | 2,915,918 | 32 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 143 | $34,675 |
| Medical Device | 2,646 | $35,769 |
| Research, Testing, and Laboratories | 1,658 | $53,115 |
| Overall Private Sector | 971,321 | $34,442 |
Source: Battelle and Biotechnology Industry Organization (BIO), BIO State Bioscience Initiatives, 2010
Highlights from local economic impact studies
United for Medical Research's 2011 study, An Economic Engine, shows that in 2010, NIH invested $119,000,000 in Arkansas, producing 2862 new jobs.
In 2009, Arkansas legislation was passed that launched the Arkansas Research Alliance, a collaboration of research universities and private sector leaders whose mission is to create greater economic opportunities in Arkansas by advancing university-based research and innovation.
The University of Arkansas for Medical Sciences (UAMS) and its affiliates have an economic impact of about $4.4 billion per year to the state of Arkansas and employ about 9,000 employees.
Between 2001 and 2006, the Arkansas Biosciences Institute received $53 million in research funding from tobacco settlements and leveraged an additional $135.8 million in extramural grants. That corresponds to a return of $2.50 for each dollar of investment.
According to a report from BIO and Battelle, two new research facilities were opened recently: (1) a $25 million, 140,000-squarefoot Biomedical Research Center at UAMS and (2) a $20 million, 88,000-squarefoot laboratory at Arkansas State University in Jonesboro.
The Myeloma Institute for Research and Therapy has an economic impact of $166 million on the state economy and supports 1,343 full-time Arkansas jobs.
