Economic Impact of Health Research
Investment: Funding sources for overall research and development (2007)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $5,180,000,000 | 5 |
| Industry | $301,000,000 | 40 |
| Universities | $78,000,000 | 33 |
| Non-profit | $5,000,000 | 42 |
| Other * | $97,000,000 | 12 |
| Total | $5,663,000,000 | 19 |
* 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)
| New Mexico | Residents | State Rank |
| Population, June 1, 2011 | 2,059,179 | 37 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 582 | $49,942 |
| Medical Device | 1,046 | $47,325 |
| Research, Testing, and Laboratories | 6,530 | $72,420 |
| Overall Private Sector | 638,028 | $36,641 |
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 $164,000,000 in New Mexico, producing 2,968 new jobs.
Los Alamos National Laboratory has an annual economic impact of $3.8 billion on the three-county region of Santa Fe, Los Alamos, and Rio Arriba.
In 2010, New Mexico biotechnology companies received over $4,700,000 in tax credits and grants from the Therapeutic Discovery Project.
In FY 2003, the total economic impact of the out-of-state funds that the University of New Mexico drew in was $641 million in output and $326 million in salaries. UNM also supported nearly 9,400 jobs.
In FY 2006, UNM received nearly $300 million in external contracts and grants for research.
UNM's Health Science Center supported 6,800 jobs and had an economic impact of $508 million in output and $251 million in compensation for the state of New Mexico in FY 2000-2001.
UNM's Science and Technology Corporation helped start up 8 companies which have had a combined economic impact of $37 million on the state in addition to supporting 143 workers and paying more than $10 million in compensation.
Sandia National Laboratories directly employs 7,000 people and generates $500 million in salaries for the New Mexico economy. Additionally, Sandia spends more than $400 million for equipment and supplies.
