Media | News | $3.8 BILLION INVESTMENT IN HUMAN GENOME PROJECT DROVE $796 BILLION IN ECONOMIC IMPACT CREATING 310,000 JOBS AND LAUNCHING THE GENOMIC REVOLUTION
peter.suber's bookmarks 2012-09-10
Summary:
"The $3.8 billion the U.S. government invested in the Human Genome Project (HGP) from 1988 to 2003 helped drive $796 billion in economic impact and the generation of $244 billion in total personal income, according to a study released today [May 11, 2011] by Battelle. In 2010 alone, the human genome sequencing projects and associated genomics research and industry activity directly and indirectly generated $67 billion in U.S. economic output and supported 310,000 jobs that produced $20 billion in personal income. The genomics-enabled industry also provided $3.7 billion in federal taxes during 2010...."