Maine state government has invested more than $42 million in biomedical research since 2000. This investment has leveraged more than $275 million in federal and private grants.
This is a return of more than $6 for every $1 invested by taxpayers. Once a laboratory is set up, and the scientists and staff are hired, the institution is in a position to get grants on an ongoing basis. Biomedical research has been and will continue to be a great investment for Maine taxpayers.
Jobs
Maine companies that receive state R&D investment are growing 6 times faster than the Maine economy as a whole and pay wages that are 25 percent higher than the Maine average per capita income.
And these jobs aren't just for Ph.D.s. Maine's biomedical research laboratories hire people of all educational and skill levels - from high school graduates to post-doctoral students. Once hired, a worker is offered a career ladder for lifelong learning, greater responsibility and higher pay.
The year-round, well-paying jobs at these institutions also have a significant ripple effect on the economy.
Economic Boost for Local Businesses and Government
As the biomedical research sector grows, it stimulates further growth and jobs for the Maine economy and generates more tax receipts for state and local government.
The Benefits Are Felt Statewide
Employees of the six laboratories of the MBRC come from 12 of Maine’s 16 counties. Purchase of goods and services are made from businesses in every single Maine county.
Maine’s Investment Must Continue
Maine needs to do all it can to slow the loss of jobs in traditional industries. At the same time, Maine needs to invest in future industries that offer job security, good wages and a clean environment. Biomedical research is one of those industries. Thanks to the support of the Maine people and their elected officials, it is a modern Maine economic success story.