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Economic Impact of Medical Research

NIH drives job creation and economic growth. NIH research funding directly supports hundreds of thousands of American jobs and serves as a foundation for the medical innovation sector, which employs more than 1 million Americans. NIH funding also forms one of the key foundations for long-term U.S. global competitiveness in industries like biotechnology, medical device and pharmaceutical development, and more.
    • In 2010 alone, the human genome sequencing projects and associated genomics research and industry activity directly and indirectly generated $67 billion in U.S. economic output and supported 310,000 jobs that produced $20 billion in personal income. (Source: Battelle)
         • The $3.8 billion the U.S. government invested in the Human Genome Project from 1988 to 2003 helped drive $796 billion in economic impact and the generation of $244 billion in total personal income.  (Source: Battelle)
         • According to a 2008 study by Families USA, each dollar of NIH funding generates more than 2 times as much in state economic output through the “multiplier effect” in the communities where research is conducted.