publication date: Mar. 22, 2019

Conversation with The Cancer Letter

James Willson: CPRIT is money well spent

James Willson_2

James Willson

Chief scientific officer, Cancer Prevention and Research Institute of Texas

 

Advocates of renewing the Cancer Prevention and Research Institute of Texas argue that the agency is a good investment for the state.

“CPRIT has added about $720 million to Texas’ gross product [in 2018] and, in addition to this, CPRIT’s investment has created annual employment of over 10,000 new jobs,” James Willson, chief scientific officer at CPRIT, said  to The Cancer Letter.

A 2018 report commissioned by the institute attempted to estimate the cost of cancer and CPRIT’s impact on Texas economy. The cost of cancer in Texas was estimated to be $40.3 billion in 2018, with total economic losses, including spinoff effects, of an estimated $104.6 billion in output and 1,064,595 jobs.

Total annual impact of CPRIT on Texas business activity was estimated at $22.3 billion in annual spending, $12.4 billion in output each year, and 110,265 jobs in 2018.

“I’d also point out that in addition to the commitments of about $2 billion to date, what we call follow-on funds to the two research programs, that is the research and then our commercialization and product development, has brought in an addition $2.7 billion,” Willson said. “So, tangible evidence of economic impact in addition to new dollars coming into the state have … Continue reading James Willson: CPRIT is money well spent

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