12:00 am
September 11, 2015
The Washington Global Health Alliance (WGHA) is out with a new “Landscape Study” on the economic impact of Washington-based global health alliances.
From the executive summary:
“Washington’s global health sector accounts for a growing portion of the state’s total economic activity. Global health organizations in Washington state directly accounted for $5.8 billion in output in 2013, comprised of grant funding, product and service revenues, private contributions and other sources…
“In addition, global health organizations’ missions are a magnet for job seekers and an educated, permanent workforce with spending power for local goods and services. There were an estimated 12,620 direct global health jobs in Washington with average wages of $71,129 per worker in 2013. “
As the National Institutes of Health’s Fogarty International Center noted in 2012,
“U.S. global health research funding not only produces humanitarian benefits, improving and saving millions of lives worldwide, but also generates significant domestic economic activity and spurs scientific innovation. For every U.S. dollar spent on global health research and development, 64 cents go directly to domestic-based researchers and product developers, generating jobs, research and technological capacity, and additional investment, according to health advocacy groups.”
The Seattle Times reports on the study here; the Puget Sound Business Journal here.
Categories: Categories , Economy , Health.Tags: economy , global health