UNC Lineberger Comprehensive Cancer Center
In 2007, state leaders of North Carolina developed a fund to invest in cancer research in the state through the University of North Carolina Lineberger Comprehensive Cancer Center. UNC Lineberger Comprehensive Cancer Center, in Chapel Hill, is one of only 52 National Cancer Institute-designated comprehensive cancer centers.
The investment in this fund, the University Cancer Research Fund (UCRF), seeks to ensure that future generations of North Carolinians will develop cancer less often and live longer and better when they do.
Tripp Umbach was retained in 2021 to conduct an economic impact analysis of the UCRF’s investment on North Carolina’s biomedical sector in the current year as well as the history of impacts over the last decade.
Analysis included the direct impacts, indirect impacts, and induced impacts as well as analysis of employment information concerning the economic activity of UCRF’s funding on operations.
Through expanding the state economy, creating jobs, generating tax revenue, encouraging scientific collaboration, and leveraging federal research funds, investment from UCRF has provided a significant benefit to the state of North Carolina.
Tripp Umbach estimates the UCRF investment of $58.1 million from FY 2021 generated more than $679.2 million in total economic impact and supported 3,315 jobs in North Carolina in 2021. Impact on local and state tax revenue amounted to more than $21.5 million.
Investment in the UCRF allows the state an even greater ability to continue its tradition of care for all North Carolinians. It is an investment in making the best care in the world available in North Carolina, and it is difficult to think of a better investment than one for the future health of the state’s residents.
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Tripp Umbach Project Director
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