NASA Releases Economic Impact Analysis Conducted by the UIC Voorhees Center
Introduction
The Voorhees Center conducted third NASA agency wide economic impact report that highlighted how the Moon to Mars activities, climate change research and technology development, and other projects generated more than $75.6 billion in economic output across the nation in fiscal year 2023.
NASA administrator Bill Nelson says “Our work doesn’t just expand our understanding of the universe but also fuels economic growth, inspires future generations, and improves our quality of life. As we embark on the next great chapter of exploration, we are proud to help power economic strength, job creation, scientific progress, and American leadership on Earth, in the skies, and in the stars.” UIC Voorhees Center’s work in economic analysis continues to support NASA’s activities by providing key stakeholders with valuable information that is critical to agency mission success.
The study found that NASA’s missions supported 304,803 jobs nationwide, and generated an estimated $9.5 billion in federal, state, and local taxes throughout the United States. It also breaks down the economic impact NASA has within each of the 50 states and in Washington, D.C.