Economic Impact of Health Research
Investment: Funding sources for overall research and development (2005)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $804,000,000 | 24 |
| Industry | $2,546,000,000 | 22 |
| Universities | $190,000,000 | 16 |
| Non-profit | $46,000,000 | 19 |
| Other * | $42,000,000 | 26 |
| Total | $3,628,000,000 | 24 |
* 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 | 5,837,639 | 18 |
Source: U.S. Census Bureau, Annual Population Estimates, 2008
Economic Impact: Statistics for research-driven health industries (2006)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 5,360 | $65,889 |
| Medical Device | 4,923 | $42,219 |
| Research, Testing, and Laboratories | 10,905 | $84,654 |
| Overall Private Sector | 2,280,373 | $37,378 |
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 Missouri generated $1,039,000,000 of business activity and 6,515 new jobs.The report also highlights why global health matters to Missouri.
The Association
of American Medical Colleges reports that the member medical schools and
teaching hospitals in the state had a combined economic impact of $10.4 billion and a total employment impact of 73,400 in 2005.
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.
