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2024 UPDATE

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

FY2023

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An Exponential Return on Investment

In Fiscal Year 2023, the National Institutes of Health (NIH) awarded $37.81 billion in extramural research funding to researchers in all 50 states and the District of Columbia.

According to UMR’s analysis, this funding directly and indirectly supported 412,041 jobs and produced $92.89 billion in new economic activity nationwide — or $2.46 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

For the past eight years, Congress has made funding medical research through the NIH a critical national priority.

From FY2015 through FY2023, the NIH budget grew by more than $17 billion, helping the agency to catch up from a long period of flat funding and restore lost purchasing power.

NIH Funding Momentum

The NIH is a catalyst for innovation and economic growth and a source of hope to patients and families affected by disease.

Failure to robustly fund the NIH now will have a negative impact on U.S. leadership in biomedical research and innovation and the benefits that has on our health and economy.

Related Resources

Who received NIH-funding from my state in FY2023? 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