NEC sends letter to New England Delegation highlighting economic impact of NIH Grants
On Monday, March 3, the New England Council sent a letter to the New England Delegation highlighting the economic impact of NIH grants in the region. In total, our region received $4.8286 billion in NIH Awards in FY2023, which supported 40,291 jobs and $10.652 billion in economic activity.
New England is known as a global health innovation hub, where our academic and medical institutions are leading the way in developing treatments and cures for some of the most pressing health challenges and, indeed, saving countless lives. However, these incredible and oftentimes life-saving scientific advancements are not without a cost.
This groundbreaking research is supported by materials, laboratory equipment, support staff, and even basic services like heat and electricity. These facility and administrative costs very directly impact the day-to-day operations of the research being conducted and cannot be uncoupled with the direct costs of funding research. Implementing a 15 percent cap on facility and administrative support, as the NIH has announced it intends to do, would slash funding and cut research activity at nearly every research institution in our region and devastate the New England economy. If you have any questions, please feel free to contact Mariah Healy, Director of Federal Affairs, at mhealy@newenglandcouncil.com.