Indiana universities nearly double research spending in last 10 year – Indiana Economic Digest – Indiana

By Bill Stephan

According to the Indianapolis Business Journal (IBJ), it became clear to state leaders about 10 years ago—when Indiana was hemorrhaging manufacturing jobs—that universities, not factories, would have to be the engines of the state’s economy going forward. Since then, Indiana’s major research universities—Indiana and Purdue—have nearly doubled their science-based research budgets, to a total of $895 million. This “research enterprise” likely employs more than 5,000 workers, according to an IBJ estimate based on data from IU and Purdue. And it has helped fill research parks and incubation centers with fledgling companies, such as Endocyte, Therametric Technologies and Marcadia Biotech.

Indiana universities nearly double research spending in last 10 year – Indiana Economic Digest – Indiana.