Economic Impact of Health Research
Investment: Funding sources for overall research and development (2007)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $3,099,000,000 | 9 |
| Industry | $3,410,000,000 | 18 |
| Universities | $401,000,000 | 6 |
| Non-profit | $74,000,000 | 15 |
| Other * | $174,000,000 | 5 |
| Total | $7,158,000,000 | 16 |
* 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 | 18,801,310 | 4 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 5,409 | $56,923 |
| Medical Device | 24,973 | $52,172 |
| Research, Testing, and Laboratories | 24,574 | $55,612 |
| Overall Private Sector | 6,355,113 | $39,596 |
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 $509,000,000 in Florida, producing 13,741 new jobs.
The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $19.4 billion (ranked 9th in the country) and a total employment impact of 147,000 in 2009.
Florida's Jackson Laboratory Institute for Personalized Medicine attracts $60,000,000 million annually in NIH grants for their research in genetic therapy.
In 2005-2006, the University of Florida had an economic impact on the state of $5.85 billion and supported 74,900 jobs.
The University of South Florida has an economic impact of $3.2 billion on the Tampa Bay area.
In 2001, the State of Florida's investments in University Research Centers generated nearly 7,000 jobs. The return on investment of state funding of research was 217%.
The Scripps Florida Biotech Research Institute is expected to support nearly 6,500 jobs and contribute $3.2 billion to the Gross State Product during its first 15 years.
