The Science Coalition has released Sparking Economic Growth, a new report that traces the origins of 302 companies – many of them small businesses – back to federally supported research. The report showcases one of the ways that federal investment in basic research helps stimulate the economy. The agencies highlighted in the report include the National Institutes of Health, National Science Foundation, Department of Energy, Department of Agriculture and the National Institute of Standards and Technology.
“Basic scientific research is the smallest slice of the nation’s R&D pie, yet it is the spark that ignites discovery and innovation in the United States,” said Science Coalition vice president Anna Quider in a press release. “We urge Congress to continue its longstanding, bipartisan tradition of supporting America’s innovation ecosystem with strong funding for basic scientific research.”
The companies highlighted in the report employ 8,900 workers in communities across the country, contributing to their local economies while bringing to market the type of transformational innovations that keep the U.S. globally competitive as a leader in science and technology. Many of the companies are addressing America’s most chronic and costly health challenges, including Alzheimer’s disease, diabetes, cardiovascular disease and cancer. For the full report, visit www.sciencecoalition.org/successstories.