Economic Impact

The economic impact of research at UK reaches across the state. 

During Fiscal Year 2017, external research grants and contracts resulted in a $636.2 million contribution to the Kentucky economy, including $205.1 million in personal income. Each dollar of out-of-state external funding for research generates approximately $1.92 of total related expenditures. 

During Fiscal Year 2016, external research funding to UK, totaling $274 million, resulted in $241 million in state taxes, 3,429 jobs across Kentucky and $511.3 million in statewide production.

See the executive summary: “Investing in Innovation: The Impact of Research Funding at the University of Kentucky (pdf, 3pgs),” by the UK Center for Business and Economic Research in the Gatton College of Business and Economics.

Economic Impact Tree

(text description of figure, pdf)