• St. Louis Researchers Are Major Recipients of NIH Grants

    Jun 05, 2017

    The National Institutes of Health (NIH) is the major source of government funding for health and biosciences research.   Greater St. Louis received a total of $439 million in awards in 2016.  Most of the funding awarded was received by area universities.  Washington University in St. Louis is one of the largest recipients of NIH funding with $407 million, followed by Saint Louis University with $21 million. 

    Many private research organizations also saw funding growth including William D. Shannon Consulting, LLC, Intact Genomics, Inc., and ISTO Technologies.  ISTO Technologies’ award jumped by nearly 55 percent over the past year.  

    Summary of National Institutes of Health Funding to Organizations in the St. Louis, MO-IL MSA

    Organization

    2015

    2016

    Non-Profits, Non-University Total

    $300,000

    $330,000

    Private Companies Total

    $8,169,631

    $7,939,697

    University Recipients Total

    $399,438,950

    $431,527,207

    Total

    $407,938,581

    $439,796,904

    Source: “NIH Awards by Location & Organization” National Institutes of Health, 2016.

    Funding has remained relatively stable throughout the past decade, with a $31 million increase in awards from 2015 to 2016.  An upturn in the amounts received by universities was key to this growth.  While annual awards can vary depending on policy changes and funds available, the health and biosciences industry in St. Louis has sustained its position as a major U.S. research center.  The magnitude of these awards highlights St. Louis’s success in the investment and cultivation of some of the region’s most promising industries.  The St. Louis Regional Chamber’s economic development team shares in the commitment to growing the health and biosciences industries.  In doing so, we are working to build on our economic strengths by focusing on the economic clusters where we already have experienced success and have the potential for global growth.
  • Industry Forums: A Way to Connect & Thrive

    Nov 14, 2016

    The St. Louis Regional Chamber’s economic development strategy has identified a unique set of regional assets that generate a vibrant and growing business base to better St. Louis’ robust economy.

    Once a month, regional leaders gather at the Industry Forums to discuss one of three economic clusters where we are authentically strong and have global opportunity for growth: Financial & Information Services, Health Science & Services, and Multimodal Logistics & Advanced Manufacturing.

    Industry Forums provide countless opportunities for Chamber members to network and discuss emerging issues and trends in their field. These luncheon-style events are held monthly with rotating focuses and topics. Topics vary based on current questions and subjects in that particular industry. All Chamber members are welcome to attend the Industry Forums.

    The next Financial Forum on December 7 will discuss the DOL Fiduciary Rule and senior protection with guest speakers Lisa Bleier of SIFMA and Ron Long of Wells Fargo Advisors.

    The next Logistics Forum on January 24, 2017 features former Missouri Governor Matt Blunt discussing the automobile manufacturing industry and its place in industrialized America.

    For more information about the Industry Forums or to join a Forum, contact Karen Ellis at 314-444-1139 or kellis@stlregionalchamber.com.