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Economic Impact of Health Research

Investment: Funding sources for overall research and development (2007)

Source of R&D Funding InvestmentState Rank
Federal Government$275,000,00038
Industry$503,000,00034
Universities$84,000,00032
Non-profit$15,000,00036
Other *$45,000,00029
Total$921,000,00038

* 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 (2008)

Oklahoma
Residents State Rank
Population, July 1, 2008 3,644,025
28

Source: U.S. Census Bureau, Annual Population Estimates, 2009


Economic Impact: Statistics for research-driven health industries (2008)

Industry EmploymentAnnual Salary
Pharmaceutical 179
$57,684
Medical Device1,518
$45,249
Research, Testing, and Laboratories3,420
$52,201
Overall Private Sector1,239,995 
$37,126 

Source: Battelle and Biotechnology Industry Organization (BIO), BIO State Bioscience Initiatives, 2010


Highlights from local economic impact studies

A 2007 study by FamiliesUSA, In Your Own Backyard, shows that NIH funding for Oklahoma generated $187,000,000 of business activity and 1,786 new jobs.

The report also highlights why global health matters to Oklahoma .

The Oklahoma Medical Research Foundation has an annual economic impact of $46 million on the state's economy and supports more than 1,000 Oklahoma jobs.

In FY 2007, University of Oklahoma received $252 million in external funding for research and their efforts are expanding. The new 152,000-squarefoot Stephenson Life Sciences Research Center is being built to accommodate 30 research groups.

For every dollar the Oklahoma State University receives from the state, it produces $13 in economic output. OSU accounts for 31,200 jobs in the state and has a yearly economic impact of $1.89 billion on the state.

The life sciences industry has a $3.4 billion economic impact on the state and supports 90,000 jobs according to a report prepared for the Greater Oklahoma City Chamber of Commerce.