In 2019, NOAA contracted with Eastern Research Group, Inc. (ERG) of Lexington, MA to perform a study to assess the economic value created by the Small Business Innovation Research (SBIR) Program and NOAA’s Cooperative Research and Development Agreements.
The TPO identified a total of 132 in-scope projects, representing 104 unique companies for this study. We also selected 25 of the 70 total CRADA collaborators for inclusion in this study.
ERG estimated economic impact by collecting data on the revenues and other final demand components that were associated with the in-scope SBIR and CRADA projects and then applying appropriate state-level multipliers obtained from the U.S. Bureau of Economic Analysis to each project.
- The NOAA SBIR and CRADA activities evaluated combined for total output of almost $275 million annually.
- The NOAA SBIR and CRADA activities studied resulted in an increase of $138 million in annual value-added across all states that had companies with these agreements.
- NOAA’s SBIR and CRADA projects led to an increase of approximately $74 million annually in earnings.
- NOAA’s SBIR and CRADA projects led to 1,156 new jobs.
Learn More: TPO Economic Value Case Studies – 2019
Tell Us About Your Success!
Have you had a successful partnership or technology transfer working with NOAA? Has your SBIR award resulted in sales and other benefits for your company?
Take a few minutes to tell us about your success and we will follow up with you to develop a complete success story.