Technology developed in military programs and transferred to private companies has a quantifiably positive impact on the economy, a new Indiana University study has confirmed.
A subset of 103 technology transfer agreements profiled in the report were directly responsible for 670 civilian jobs at private companies, universities and nonprofit organizations across the U.S. and indirectly responsible for more than 2,600 civilian jobs. According to the study, the average per-worker salary for these jobs is $79,300 per year, compared with an average U.S. compensation of $56,100.
Federal, state and local taxes generated by these agreements total $60 million. The 103 agreements generated $200 million in direct economic output, with an additional $345 million generated in related economic activity.
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