UCLA and other California universities face significant cuts in scientific funding, raising concerns about future innovations. Dr. Otto Yang emphasized that for every dollar invested in research, there is a return of approximately $2.50 to the economy, suggesting that scientific research is a sound economic investment. The United For Medical Research reported that California's research institutions generated vast economic benefits from federal grants. In response to reduced federal support, California Senator Scott Wiener proposed the establishment of a California Institute for Scientific Research to address these funding gaps and continue leading in various scientific fields without increasing taxes.
"California's economy is massive; for every dollar spent to support research funding, about two-and-a-half dollars is returned to the economy."
"There's a production of intellectual property that can turn into drugs or treatments, and so the returns are pretty huge."
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