Economic Impact of Health Research
Investment: Funding sources for overall research and development (2005)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $369,000,000 | 33 |
| Industry | $300,000,000 | 38 |
| Universities | $126,000,000 | 23 |
| Non-profit | $54,000,000 | 16 |
| Other * | $117,000,000 | 10 |
| Total | $966,000,000 | 37 |
* 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, 2007
Population (2006)
| Residents | State Rank | |
| Population, July 1, 2006 | 4,243,288 | 25 |
Source: U.S. Census Bureau, Annual Population Estimates, 2008
Economic Impact: Statistics for research-driven health industries (2006)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 294 | $48,330 |
| Medical Device | 850 | $30,688 |
| Research, Testing, and Laboratories | 2,279 | $40,154 |
| Overall Private Sector | 1,474,222 | $36,881 |
Source: Battelle and Biotechnology Industry Organization (BIO), Technology Talent and Capital: State Bioscience Initiatives 2008
Highlights from local economic impact studies
A 2007 study by FamiliesUSA, In Your Own Backyard, shows that NIH funding for Louisiana generated $288,000,000 of business activity and 2,754 new jobs.The report also highlights why global health matters to Louisiana .
The Association
of American Medical Colleges reports that the member medical schools and
teaching hospitals in the state had a combined economic impact of $5.4 billion and a total employment impact of 41,000 in 2005.
The Pennington Biomedical Research
Foundation in Baton Rouge
attracts $3 of federal or private
funding for each dollar from the state. In FY 2003-2004, the research
center produced 24 technology
disclosures, 8 patent applications, and one start-up company.
Louisiana
invests $140 million in the Louisiana State University Health
Sciences Center at Shreveport and the Conway Medical Center in Monroe.
In return, the Center generates $533
million in household earnings and $558
million in sales and supports nearly 13,000
jobs.
