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NASA Economic Impact Report - Jiggly - 11-01-2020
NASA have released a first-of-its-kind agency-wide report documenting their impact on the USAs cashflow and job market. There is a commonly held belief that NASA and its projects are a pit that the government pours money into, with little return, or only some scientific information as the return. This report addresses that misconception and highlights its usefulness as a money maker and an employer. Specifically "some $64 billion and more than 300,000 jobs’ worth in FY2019".
Source
![[Image: nhq201906070001.jpg]](https://www.nasa.gov/sites/default/files/styles/ubernode_alt_horiz/public/thumbnails/image/nhq201906070001.jpg)
Some of the benefits to the US economy, listed in the report are as follows:
- The agency generated more than $64.3 billion in total economic output during fiscal year 2019
- Supported more than 312,000 jobs nationwide
- Generated an estimated $7 billion in federal, state, and local taxes throughout the United States
- Fueling growth in industries that will define the future
The article goes into further detail:
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- Every state in the country benefits economically through NASA activities. Forty-three states have an economic impact of more than $10 million. Of those 43 states, eight have an economic impact of $1 billion or more.
The agency’s Moon to Mars initiative, which includes the Artemis program, supports more than 69,000 jobs, $14 billion in economic output, and $1.5 billion in tax revenue. The agency’s Moon to Mars programs provided about 22 percent of NASA’s economic impact. These figures are expected to double in 2021.
- NASA has more than 700 active international agreements for various scientific research and technology development activities in FY2019. The International Space Station is a significant representative of international partnerships – representing 15 nations and five space agencies and has been operating for 20 years.
- NASA spinoff technologies provide an impact on American lives beyond dollars and jobs. The agency has recorded more than 2,000 spinoffs since 1976. For example, engineers at NASA’s Jet Propulsion Laboratory developed, in just 37 days, a ventilator specifically for coronavirus patients and, after securing an emergency use authorization from the Food and Drug Administration, made the design available to select manufacturers at no cost.
- Scientific research and development – which fuels advancements in science and technology that can help improve daily life on Earth and for humanity – enjoys the largest single-sector impact, accounting for 16% of the overall economic impact of NASA’s Moon to Mars program.Access to a summary of the study: https://go.nasa.gov/3cxsYlU
Access to the full study: https://go.nasa.gov/3i2tycr