Economic Impact of Health Research
Investment: Funding sources for overall research and development (2007)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $801,000,000 | 26 |
| Industry | $2,653,000,000 | 23 |
| Universities | $198,000,000 | 17 |
| Non-profit | $57,000,000 | 19 |
| Other * | $46,000,000 | 27 |
| Total | $3,754,000,000 | 25 |
* 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 | 5,988,927 | 18 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 5,080 | $70,222 |
| Medical Device | 4,688 | $44,845 |
| Research, Testing, and Laboratories | 13,259 | $93,953 |
| Overall Private Sector | 2,285,271 | $40,712 |
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 $493,000,000 in Missouri, producing 7,820 new jobs.
According to the most recent BioEnterprise Midwest Healthcare Venture report, in 2010 over $19,000,000 was invested in Missouri'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 $11.6 billion and a total employment impact of 76,500 in 2008.
Every dollar from the state to the University of Missouri System generates $5 in annual operating revenues. The system employs nearly 26,000 people with a total payroll of $940 million.
The Center for Emerging Technologies in St. Louis began with an initial investment of $27.1 million. The incubator drew in $719 million from outside investment and created 26 companies and 300 knowledge-based jobs.
In 2004, the University of Missouri-Columbia generated $1.93 in the Missouri economy for every dollar spent by the University. The University had a total economic impact of $3.7 billion on the state and supported 68,000 jobs.
In FY 2006, Washington University in St. Louis had a total economic impact of $2.2 billion on the local economy and directly employed 12,400 people. The University received $546 million in research funding, more than 80% of which came from federal sources. This funding supported about 12,000 jobs.
The Lewis and Clark Discovery Initiative invests in improvements to public higher education institutions in Missouri and is expected to generate $22 for every dollar invested.
