publication date: Mar. 22, 2019
Conversation with The Cancer Letter
James Willson: CPRIT is money well spent
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
To access this members-only content, please log in.
Institutional subscribers, please log in with your IP
If you're not a subscriber why not join today?
To gain access to the members only content click here
You will be given immediate access to premium content on the site.Click here to join.