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Study: IU med school, hospitals boost Indiana economy

November 10, 2011

A new study says biomedical research at the Indiana University School of Medicine and its partner hospitals pumped about $370 million into Indiana's economy in 2009.

The study by the Association of American Medical Colleges estimates the medical school pumped an estimated $142.5 million into the economy directly through federal and state-funded research. That research generated another $228 million in indirect economic activity.

It also estimates the Indianapolis medical school's research supported about 2,470 jobs in Indiana in 2009.

Executive associate dean for research affairs David S. Wilkes said the research gives Indiana's economy "a powerful boost."

The economic report doesn't include the economic activity of businesses that commercialize biomedical discoveries made by IU researchers.

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