The results of a study undertaken to estimate the national economic impact of partnerships established by TechLink between the Department of Defense (DoD) and US industry from 2000-2014 are reported here.
A total of 524 companies with which TechLink facilitated DoD technology partnerships between 2000 and 2014 were contacted for the study. More than half of these companies reported that they had sales of products or services related to the partnerships established by TechLink. Companies reported total sales of $1.6 billion from the TechLink-brokered agreements.
The company-reported sales data was provided to the Business Research Division (BRD) of the Leeds School of Business at the University of Colorado Boulder, which analyzed the dataset and applied the national-level IMPLAN economic impact assessment model to the data to determine the total economic contribution effects. The results of the IMPLAN analysis show an impressive economy-wide impact of $4.4 billion resulting from DoD technology partnerships with industry facilitated by TechLink. Employment impacts include 23,677 jobs with an average wage of $62,000, according to the BRD analysis.
View the pdf for the complete report and study methodology, which also includes an estimate of the labor income, value added (representing new wealth creation), and tax revenues associated with the economic impacts of TechLink-facilitated partnerships between DoD and industry from 2000-2014.