Economic Impact of Health Research
Investment: Funding sources for overall research and development (2005)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $67,000,000 | 51 |
| Industry | $67,000,000 | 45 |
| Universities | $5,000,000 | 52 |
| Non-profit | $6,000,000 | 40 |
| Other * | $13,000,000 | 38 |
| Total | $158,000,000 | 51 |
* 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)
| South Dakota | Residents | State Rank |
| Population, July 1, 2006 | 788,467 | 47 |
Source: U.S. Census Bureau, Annual Population Estimates, 2008
Economic Impact: Statistics for research-driven health industries (2006)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 76 | $53,894 |
| Medical Device | 1,678 | $49,050 |
| Research, Testing, and Laboratories | 359 | $77,009 |
| Overall Private Sector | 314,775 | $29,829 |
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 South Dakota generated $26,000,000 of business activity and 193 new jobs. The report also highlights why global health matters to South Dakota.
According to EPSCoR South Dakota, the total economic impact of university research on the state is $81 million.
The South Dakota
Agricultural Experiment Station reports that every dollar in state general funds for
agricultural research generates $5.75 in the South Dakota economy. This amounts to a
total of $52.4 million of economic
activity in the state.
According to a report from BIO and Battelle,
the South Dakota Legislature recently appropriated nearly $20 million to
support the Homestake Deep Underground Science and
Engineering Laboratory, which is promising for bioscience research in nuclear imaging and
geomicrobiology.
