Economic Impact of Health Research
Investment: Funding sources for overall research and development (2007)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $1,852,000,000 | 16 |
| Industry | $1,534,000,000 | 24 |
| Universities | $128,000,000 | 25 |
| Non-profit | $41,000,000 | 23 |
| Other * | $106,000,000 | 11 |
| Total | $3,659,000,000 | 26 |
* 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)
| Tennessee | Residents | State Rank |
| Population, June 1, 2011 | 6,346,105 | 17 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 3,320 | $65,846 |
| Medical Device | 7,981 | $59,046 |
| Research, Testing, and Laboratories | 8,437 | $67,708 |
| Overall Private Sector | 2,306,517 | $40,021 |
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 $561,000,000 in Tennessee, producing 10,870 new jobs.
In 2010, NIH invested nearly $65,000,000 in St. Jude Children's Research Hospital in Memphis, TN
The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $10.6 billion and a total employment impact of 76,000 in 2008.
Vanderbilt University and Vanderbilt Medical Center employ more than 20,000 in the state and have an annual economic impact of $4 billion on the state.
The University of Tennessee (UT) and Battelle found that the Oak Ridge National Laboratory's expenditures in 2005 increased Tennessee's gross state product by $820 million and supported 20,700 jobs in the state.
According to the Memphis Bioworks Foundation, the UT-Baptist Research Park will generate 5,000 bioscience jobs and 4,000 supporting jobs. The park is also expected to have an annual economic impact of $2 billion.
