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Economic Impact of Health Research

Investment: Funding sources for overall research and development (2008)

Source of R&D Funding InvestmentState Rank
Federal Government$770,000,00026
Industry$3,277,000,00017
Universities$326,000,00011
Total$4,373,000,000
25 

Source: Calculated from National Science Foundation, Science & Engineering Indicators, 2012 


Population (2011)

Wisconsin
Residents State Rank
Population, June 1, 2011 5,686,98620

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


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

Industry EmploymentAnnual Salary
Pharmaceutical 3,489
$64,187
Medical Device11,800
$71,015
Research, Testing, and Laboratories6,454
$62,745
Overall Private Sector2,387,924 
$38,752 

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 $407,000,000 in Wisconsin, producing 8,263 new jobs.


Created in 2007 by the University of Wisconsin-Madison College of Agricultural and Life Sciences, the Wisconsin Bioenergy Initiative (WBI), seeks to cultivate bioenergy expertise within the U-Wisconsin community. As a university-based coalition, WBI seeks to create, commercialize and promote biobased solutions.


According to the latest BioEnterprise Midwest Healthcare Venture report, in 2010 over $51,000,000 was invested in Wisconsin's bitechnology companies.

The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $8.5 billion and a total employment impact of 42,800 in 2008.

According to the Wisconsin Technology Council, $883 million was spent on academic research and development in 2003. This supported nearly 31,800 jobs in the state.

The University Research Park houses 114 companies, the majority of which were founded based on research from the University of Wisconsin-Madison. The park contributes more than $680 million to the state economy each year and supports 9,100 jobs in the state.

The University of Wisconsin System contributes $9.5 billion to the state economy and supports 150,000 state jobs.

In 2002, the University of Wisconsin-Madison contributed $4.7 billion to the region and supported 75,000 jobs in the state.