Millions injected into state economy by University of Hawai‘i biomedical research grants: Big Island Now


Millions injected into state economy by University of Hawai‘i biomedical research grants: Big Island Now

On April 11, 2024, at 10:00 AM HST, a researcher from the University of Hawaiʻi was awarded just over $58 million in federal biomedical research grants from the National Institutes of Health in Fiscal Year 2023. This funding generated $158 million in economic activity in the state and supported 819 local jobs. The United for Medical Research 2024 annual report assessed the economic impact of National Institutes of Health funding in the 50 states and the District of Columbia.

National Institutes of Health funding awarded to researchers supports employment and the purchase of research-related goods, services, and materials. The income generated from these activities cycles through the economy, producing new economic activity. The report estimates that every $1 of National Institutes of Health funding generates $2.46 in new economic activity.

University of Hawai‘i Vice President for Research and Innovation, Vassilis L. Syrmos, emphasized the vital role of NIH funding in supporting the work of researchers at the University. He highlighted how this funding helps in curing diseases, eliminating cancer, and improving health equity among under-represented groups and rural communities across Hawaiʻi and the Pacific.

Hawaiʻi received $68.7 million in National Institutes of Health funding in Fiscal Year 2023, with 85% going to the University of Hawai‘i. The University of Hawai‘i Cancer Center and the University of Hawai‘i at Mānoa John A. Burns School of Medicine were responsible for the majority of the National Institutes of Health-funded research projects in Fiscal Year 2023.

Nationally, National Institutes of Health funding totaled $37 billion in Fiscal Year 2023, supporting 412,041 jobs and generating $92.9 billion in new economic activity.

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