The funding that Massachusetts and Metro-Boston’s research institutions and universities attracts reflects the region's international reputation as fertile ground for innovation. Local R&D funding supports the development of breakthrough thinking, new technologies and the emergence of dynamic economic sectors such as bio-technology.
How are we doing?
In 2003, Massachusetts attracted the highest per capita share of federal R&D funds, among all states, $425 per 1,000 people. The $4.6 billion in research grants awarded to Massachusetts academic and nonprofit institutions is second only to the much larger state of California. Boston alone received over $1 billion in 2001. This funding generated over 20,000 jobs, 18,000 of which are in the city, and increased the Gross Regional Product of the region by nearly $970 million over and above the money directly received. Research and Development (R&D) funding helps the city’s medical and educational institutions attract the best scientists and researchers, bringing in even more research dollars. Other regions of the country are aware of the importance of this funding to their economies, however, and are successfully lobbying for a greater share. |
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Click image to enlarge chart "Federal R&D expenditures in academic and nonprofit research institutions per 1,000 people, MA and other LTS, 1997-2002"
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