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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 (2011)

Oklahoma
Residents State Rank
Population, June 1, 2011 3,751,351
28

Source: U.S. Census Bureau, 2010 Census Data


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

United for Medical Research's 2011 study, An Economic Engine, shows that in 2010 NIH invested $103,000,000 in Oklahoma, creating 3,157 new jobs.

Over 44,000 people are employed by Oklahoma's biosciences industry, for a direct economic impact of $1,950,000 on the state.

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.