Genomics Impact On US Economy Approaches $1 Trillion

sciencehabit writes "Despite a slow economy, business in genomics has boomed and has directly and indirectly boosted the U.S. economy by $965 billion since 1988, according to a new study (pdf). In 2012 alone, genomics-related research and development, along with relevant industry activities, contributed $31 billion to the U.S. gross national product and helped support 152,000 jobs, the biomedical funding advocacy group United for Medical Research announced today in Washington, D.C. Based on total U.S. spending, the country gets $65 back for every $1 it spends on the field."

Comments

This is biomedical, not agricultural

[ranton]

This has nothing to do with Monsanto. This is about medical research that has been boosted by advances such as mapping the human genome.