Economic Impact

Research and development at UK has a direct, and significant, economic impact on Kentucky. The $417.7 million UK spent on R&D in FY20 generated $772 million in economic activity across the state. In Fayette County, 2,082 jobs were created and across the state in the scientific sector 4,395 jobs were supported. Each dollar of externally funded research to UK generates approximately $1.85 in expenditures within the Commonwealth.

University of Kentucky R&D Expenditures for FY20

• Research expenditures totaled $417.7 million
• Created 2,082 new jobs in Fayette County
• Supported 4,395 jobs in Kentucky
• Total economic impact of UK research for Kentucky was $772 million

updated 10-26-21