Breaking News

Breaking news on the stock and share market, economy, and finance, including updates on Sensex, Nifty, global markets, NSE, BSE, and live IPO updates Is Dating a Science? Exploring AI, Algorithms, and Apps in the Dating World – podcast | Science Development Project Underway: Crews Grade Christiansburg Field Clearing a Path for Physician Assistants in Massachusetts’ Health Care System Reform Ebrahim Raisí: Transforming from “Hanging Judge” to Protector of the Islamic Republic of Iran’s Values

The University of Hawai’i was awarded just over $68.7 million in federal biomedical research grants from the National Institutes of Health (NIH) in Fiscal Year 2023, generating $93 million in economic activity in the state and supporting 859 local jobs. According to the United for Medical Research 2024 annual report, NIH funding supports employment and 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. The report estimates that every $1 of NIH funding generates $2.46 in new economic activity.

“The funding that we receive from NIH is vital to sustaining the important work of our researchers, as they seek to cure diseases, eliminate cancer, and improve health equity amongst under-represented groups and in rural communities across Hawai’i and the Pacific,” said University of Hawai’i Vice President for Research and Innovation Vassilis L. Syrmos. “At the same time, these extramural grants inject much needed dollars into our state’s economy through research-related expenditures.”

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

Leave a Reply