Economic Impact of Health Research
Investment: Funding sources for overall research and development (2007)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $855,000,000 | 24 |
| Industry | $6,414,000,000 | 13 |
| Universities | $109,000,000 | 28 |
| Non-profit | $96,000,000 | 9 |
| Other * | $61,000,000 | 19 |
| Total | $7,533,000,000 | 15 |
* 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 | 5,303,925 | 21 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 3,497 | $65,287 |
| Medical Device | 29,963 | $76,244 |
| Research, Testing, and Laboratories | 4,731 | $67,844 |
| Overall Private Sector | 2,303,642 | $46,038 |
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 $549,000,000 in Minnesota, producing 10,238 new jobs.
According to the most recent BioEnterprises Midwest Healthcare Venture report, in 2010 over $138,000,000 was invested in Minnesota's biotechnology companies.
The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $8.4 billion and a total employment impact of 65,430 in 2008.
The Minnesota Partnership for Biotechnology and Medical Genomics and biotech spinoffs are expected to have an economic impact of $319 million annually and create nearly 4,400 new jobs within Minnesota by 2010.
Minnesota's State Colleges and Universities had a total statewide economic impact of about $3.5 billion in 2005. For every dollar from the state, the system returned $10.87.
