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BOSTON CONTINUES TO LEAD THE NATION IN NIH FUNDING

Jun 28, 2011

EXTENDS STREAK TO 16 YEARS WITH $21.5 BILLION Mayor Thomas M. Menino will announce today from the BIO2011 International Convention in Washington, D.C. that Boston continues to lead the nation in National Institutes of Health (NIH) funding, extending its streak to 16 years with $21.5 billion in total awards. In 2009 and 2010, Boston’s awards reached record levels with $2.4 billion and $2.1 billion respectively. Boston finished ahead of New York City, Baltimore, Philadelphia and Seattle. The growth over the last 50 years of Boston’s hospitals, university medical schools, colleges’ academic science departments, research institutes and private-sector bio-sciences firms has enabled the city to benefit from the availability of a broad spectrum of funding from the NIH. (Read the full report.) “Boston is on a roll. We’re the innovation capital of the world,” proclaimed Mayor Menino. “Our collaboration can’t be beat. We’ve got the best hospitals, the best universities, and the most educated and talented workforce. With the recent announcements from Pfizer and Vertex, we continue to grow, create new jobs and attract new companies.” While in Washington, D.C., Mayor Menino and the LifeTech Boston team plan to meet with representatives from several international companies about the possibility of expanding in Boston. Additionally, the team will promote that BIO2012 will once again be held in Boston. When BIO comes to Boston, the conference breaks all sorts of records. In 2007, when the city played host, the event broke multiple records including economic impact and show attendance (22,366 attendees.) The event generated $24M in economic impact and the overall impact for 2012 could top $30M with roughly 26,000 attendees.

Related Tags

Boston Economy Life Sciences NIH Funding 

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