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Economic Impact of Health Research

Investment: Funding sources for overall research and development (2005)

Source of R&D Funding InvestmentState Rank
Federal Government$259,000,00037
Industry$417,000,00033
Universities$87,000,00027
Non-profit$14,000,00034
Other *$37,000,00030
Total$814,000,00038

* 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, 2007


Population (2006)

Oklahoma
Residents State Rank
Population, July 1, 2006 3,577,536 29

Source: U.S. Census Bureau, Annual Population Estimates, 2008


Economic Impact: Statistics for research-driven health industries (2006)

Industry EmploymentAnnual Salary
Pharmaceutical 210
$67,705
Medical Device1,477
$40,603
Research, Testing, and Laboratories2,895
$50,921
Overall Private Sector1,192,696 
$34,125 

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 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.