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Economic Impact of Health Research

Investment: Funding sources for overall research and development (2008)

Source of R&D Funding InvestmentState Rank
Federal Government$2,515,000,000 14

Source: Calculated from National Science Foundation, Science & Engineering Indicators, 2012 

Population (2011)

 Residents State Rank
Population, June 1, 2011 12,830,632

Source: U.S. Census Bureau, 2010 Census Data

Economic Impact: Statistics for research-driven health industries (2008)

Industry EmploymentAnnual Salary
Pharmaceutical 18,533$108,885
Medical Device14,296
Research, Testing, and Laboratories14,756
Overall Private Sector5,021,352

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 $738,000,000 in Illinois, producing 14,630 new jobs.

According to the most recent 2010 BioEnterprise Midwest Venture Capital report, over $160,000,000 was invested in Illinois biotechnology start-up companies in 2010.

The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $25.5 billion (ranked 7th in the country) and a total employment impact of 147,200 in 2008.

The University of Illinois system has an economic impact of $7 billion on the state economy and generates 102,000 jobs in the state. Researchers have started 48 companies, obtained more than 230 patents, and disclosed 1,200 technologies.

The Illinois Medical District (IMD) generates $3.3 billion in economic activity and supports 50,000 jobs. The IMD also generates $220 million in research each year and serves as an incubator for about 30 technology-based companies.