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December 09, 2021 | Tom Ballard

HudsonAlpha Institute reports $3.2 billion in economic impact since 2006

Anyone in the life science/biotechnology sector is no doubt familiar with the HudsonAlpha Institute for Biotechnology or at least its name.

Located in Huntsville, the enterprise has released the results of a new report showing that HudsonAlpha generated $3.2 billion in economic impact for the State of Alabama from its founding in 2006 to 2020. The analysis, conducted by the Center for Management and Economic Research at the University of Alabama in Huntsville (UAH), outlines HudsonAlpha’s economic impacts on employment, revenue and capital expenditures. The results reflect the impact of the entire HudsonAlpha biotech campus, combining economic data from the nonprofit HudsonAlpha and 34 of the resident associate companies.

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