From: NASA HQ
Posted: Friday, September 25, 2020
NASA released Friday the results of its first-ever agencywide economic impact report. The report shows that, through all NASA activities, the agency generated more than $64.3 billion in total economic output during fiscal year 2019, supported more than 312,000 jobs nationwide, and generated an estimated $7 billion in federal, state, and local taxes throughout the United States.
“In this new era of human spaceflight, NASA is contributing to economies locally and nationally, fueling growth in industries that will define the future, and supporting tens of thousands of new jobs in America,” said NASA Administrator Jim Bridenstine. “With an investment of just one-half of 1% of the federal budget, NASA generates significant total economic output annually. This study confirms, and puts numbers, to what we have long understood – that taxpayer investment in America’s space program yields tremendous returns that strengthen our nation on several fronts – a stronger economy, advances in science and technology, and improvements to humanity.”
The agency commissioned an economic impact study to better understand how the U.S. economy benefited in FY2019 from America’s lunar and Mars exploration efforts. The study found the agency’s Moon to Mars exploration approach generated more than $14 billion in total economic output and supported more than 69,000 jobs nationwide in fiscal year 2019.
Additional key findings of the study include:
The study was conducted by the Nathalie P. Voorhees Center for Neighborhood and Community Improvement at the University of Illinois at Chicago. UIC has worked with NASA’s Marshall Space Flight Center on economic impact reports conducted for the center and the Voorhees Center is widely recognized as one of the foremost organizations conducting economic impact studies for corporations, communities, and government agencies.
A summary of the study is available at:
The full study available at:
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