Look! Good economic news from ONAMI
New, lengthy independent report by SF company finds ONAMI is paying off
Tucked deeply into a recently distributed news release by the Oregon Innovation Council (Oregon InC) and the Oregon Economic and Community Development Department are some good economic news being delivered to the state.
Based on a 101-page independent economic analysis San Francisco-based RTI International, some buds are blossoming from the first three years' efforts of the Oregon Nanoscience and Microtechnologies Institute (ONAMI). Three of the report conclusions are that:
- Oregon’s $2.5 million investment in matching funds for competitively awarded grants alone has generated a six to one return, bringing in $15.2 million in federal grants since 2006.
- Ten spin-off companies have been launched or critically enabled by ONAMI funding.
- ONAMI has generated $77 million in cash inflows to the state that likely would not have occurred had ONAMI not been created.