NIH’S ROLE IN SUSTAINING THE U.S. ECONOMY

FY2024

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A Powerful Return on Investment

In Fiscal Year 2024, the National Institutes of Health (NIH) awarded $36.94 billion in extramural research funding to researchers in all 50 U.S. states and the District of Columbia.

According to UMR’s analysis, this funding directly and indirectly supported 407,782 jobs and produced $94.58 billion in new economic activity nationwide — or $2.56 of economic activity for every $1 of research funding.

Every State Benefits

Researchers in every state receive NIH funding and every state benefits from the jobs and economic activity that result.

As NIH funding is awarded to researchers in individual states, that funding supports employment and the purchase of research-related goods, services and materials. The income generated from these jobs and purchases cycles through the economy to produce new economic activity.

A Critical National Priority

In the ten years since FY2015, the NIH budget has grown by more than $17 billion thanks to strong bipartisan congressional support and a commitment to making medical research a critical national priority.

These gains have helped the agency catch up from a long period of flat funding that reduced its purchasing power and effectiveness.

Maintaining U.S. Leadership

By funding the basic scientific research that sets the stage for industry-led applied research and development (R&D), the NIH helps fuel the leadership of the U.S. life sciences, medtech, and biopharmaceutical industries and helps train the workforce that supports America’s global leadership.

Cuts to the NIH budget will harm America’s health, economy, and global leadership.

Related Resources

Who received NIH-funding from my state in FY2024? Report Toolkit Why is it critical to maintain a strong NIH? Why Invest in NIH? How do rural states benefit from strong NIH funding? Rural State Report How can I learn about NIH research projects in my state and congressional district? NIH Research 101