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NASA Publishes Mammoth Economic Impact Study

25 Sep 2020, 17:13 UTC
NASA Publishes Mammoth Economic Impact Study
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At 2,670 pages, the report is more than twice as long as the first edition of War & Peace.

WASHINGTON (NASA PR) — NASA released Friday the results of its first-ever agency wide 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 ...

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