Economy
NASA’s Economic Benefit Reaches All 50 States
NASA released the results of its second agencywide economic impact report on Thursday, demonstrating how its Moon to Mars activities, investments in climate change research and technology, as well as other work generated more than $71.2 billion in total economic output during fiscal year 2021.
Last Updated on May 21, 2024 by Daily News Staff
NASA released the results of its second agency wide economic impact report on Thursday, demonstrating how its Moon to Mars activities, investments in climate change research and technology, as well as other work generated more than $71.2 billion in total economic output during fiscal year 2021.
Combined, NASA’s impact supported more than 339,600 jobs nationwide, and generated nearly $7.7 billion in federal, state, and local taxes throughout the United States.
“Investment in NASA’s missions is an investment in American workers, American innovation, and American competitiveness for the 21st century. NASA is positioning our partners in commercial space and the national economy to win the future of spaceflight in 21st century as we prepare to return astronauts to the Moon, and then go on to Mars,” said NASA Administrator Bill Nelson. “While our work will always push the limits throughout the cosmos, it also strengthens the planet beneath our feet. NASA partners with small businesses, industry, academia, and other government agencies to address engineering challenges, and to transfer out our technologies, capabilities, and data all for public benefit here on Earth. NASA may be a small federal agency, but we punch above our weight, fueling growth in American industry with good-paying, quality jobs in all 50 states and maintaining our leadership in space and science.”
The study found NASA’s Moon to Mars exploration approach generated more than $20.1 billion in total economic output and supported more than 93,700 jobs nationwide. For investments in climate research and technology, the agency’s activities generated more than $7.4 billion in total economic output and supported more than 37,000 jobs nationwide.
Additional key findings of the study include:
- Every state in the country benefits economically through NASA activities. Forty-six states have an economic impact of more than $10 million. Of those 46 states, nine have an economic impact of $1 billion or more.
- NASA’s agencywide fiscal year 2021 economic output increased by 10.7% from fiscal year 2019, the year the agency conducted its first report.
- The agency’s Moon to Mars campaign, which includes the Artemis program, generated nearly $2.2 billion in tax revenue, and saw an economic output increase of 42.6% from fiscal year 2019. These activities provided about 28% of NASA’s economic impact.
- The agency’s investments in climate change research and technology generated nearly $810 million in tax revenue and provided 11% of NASA’s economic impact.
- NASA has more than 2,655 active domestic and international agreements for various scientific research and technology development activities in fiscal year 2021. The International Space Station is a significant representative of international partnerships – representing 15 nations and five space agencies and has been operating for more than 20 years.
- NASA has 700 different active partnerships with non-federal U.S. partners and partnerships in 44 of 50 states. For example, flight technology like NASA’s all-electric X-57 Maxwell.
- NASA spinoffs, which are public products and processes that are developed with NASA technology, funding, or expertise, provide a benefit to American lives beyond dollars and jobs. The agency has recorded more than 2,000 spinoff technologies since 1976. For example, NASA’s indoor agricultural techniques in vertical farm structures are being adopted by private companies to build indoor farms.
- Scientific research and development, which fuels advancements in science and technology that can help improve daily life on Earth and for humanity, enjoys the largest single-sector impact, accounting for 20% of NASA’s overall economic output.
The study was conducted by the Nathalie P. Voorhees Center for Neighborhood and Community Improvement at the University of Illinois at Chicago.
See a summary of the report:
To review the full study visit:
Source: NASA
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News
Money Management: The Importance of Financial Literacy
You may have mastered the core subjects like math and grammar in school, but financial literacy – or understanding the basics of money management in order to help you make better financial decisions – often goes overlooked before adulthood. It’s not so much a course of study as it is a plan of action. When you understand how to earn, save, spend and invest wisely, you aren’t just building a stable future for yourself, but your family and community as well.
(Feature Impact) You may have mastered the core subjects like math and grammar in school, but financial literacy – or understanding the basics of money management in order to help you make better financial decisions – often goes overlooked before adulthood. It’s not so much a course of study as it is a plan of action.
Financial literacy in the United States has remained stagnant at generally low levels for several years, according to research from TIAA Institute and the Global Financial Literacy Excellence Center, with even lower levels among Gen Z. Yet greater financial literacy – including key aspects such as goal-setting, budgeting, saving, credit management and investing – is strongly linked to better financial outcomes, including lower rates of debt constraint and financial fragility.
While emboldening yourself to understand financial terms can be a little overwhelming at first, once you have a grasp of basic concepts you can begin to get a handle on your money and make better financial decisions. Simply put: When you understand how to earn, save, spend and invest wisely, you aren’t just building a stable future for yourself, but your family and community as well.
From nonprofit partnerships to volunteer-led programs and fee online resources, Schwab and its employees help millions of people every year build the knowledge and confidence to take charge of their financial futures by serving as board members, mentors, role models and educators.
Because financial health is a lifelong journey, the earlier people learn vital money skills, the better. That’s why the financial advisory services provider develops education programs geared toward kids that continue into adulthood, helping people no matter where they are on their journeys.
Talk Money
It’s never too early to start a conversation about financial literacy. Having teens identify goals that are important to them – such as concert tickets or a first car – can kickstart coversations about money. Working with your child (and a financial advisor, if necessary) on a plan for saving to realize those goals can serve as a jumping off point. After achieving some success, their enthusiasm may grow, which is a powerful motivator to keep saving.
Support School Initiatives and Programs
Outreach programs that empower young people to make smart financial decisions is key to a bright future. Programs like Money Matters – Schwab’s flagship financial education program utilized by the Boys & Girls Clubs of America – gives young people hands-on experience with all aspects of money and investing.
This example, and others, don’t just include program funding – they build partnerships that create impact and opportunity with national collaborations that reach more than 17 million youth annually, empowering young people with the tools and confidence to make smart financial decisions for life.
Spread the Financial Love
Championing financial literacy empowers everyone – individuals, families and communities. By serving as a board member, mentor, role model or educator to help bring financial literacy to others in your community, you can supply the tools and knowledge to lead programs that focus on giving back, empowering future generations in countless ways.
To learn more about financial literacy and find resources to empower your local community, visit SchwabMoneywise.com.
Photo courtesy of Shutterstock
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Our Lifestyle section on STM Daily News is a hub of inspiration and practical information, offering a range of articles that touch on various aspects of daily life. From tips on family finances to guides for maintaining health and wellness, we strive to empower our readers with knowledge and resources to enhance their lifestyles. Whether you’re seeking outdoor activity ideas, fashion trends, or travel recommendations, our lifestyle section has got you covered. Visit us today at https://stmdailynews.com/category/lifestyle/ and embark on a journey of discovery and self-improvement.
SUVs and EVs Take Center Stage at the 2026 New York International Auto Show
(Feature Impact) The 2026 New York International Auto Show is shining a spotlight on the latest in automotive innovation, from advanced technology to the growing shift toward electric vehicles. One automaker, Kia, is using the show to highlight two versatile SUVs designed to offer more space, capability and flexibility for modern drivers.
Watch this video to learn more
The all-new 2027 Kia Seltos has grown in size, offering a roomier interior with additional legroom, headroom and cargo space. It also adds a hybrid powertrain, making it the only vehicle in its class with three powertrain options. The SUV comes packed with advanced safety features, a more capable all-wheel-drive system and premium interior touches, including dual 12.3-inch display screens and an available panoramic sunroof.
The automaker is also showcasing the all-electric EV3, a compact SUV designed to make electric vehicle ownership more practical. With an estimated range of up to 320 miles, fast-charging capability and optional all-wheel drive, it balances performance, technology and everyday usability. Its intuitive features and flexible design make transitioning to electric simpler for a wider range of drivers.
Both models represent Kia’s commitment to providing options that blend capability, innovation and style. To learn more, visit Kia.com.
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Welcome to the Consumer Corner section of STM Daily News, your ultimate destination for savvy shopping and informed decision-making! Dive into a treasure trove of insights and reviews covering everything from the hottest toys that spark joy in your little ones to the latest electronic gadgets that simplify your life. Explore our comprehensive guides on stylish home furnishings, discover smart tips for buying a home or enhancing your living space with creative improvement ideas, and get the lowdown on the best cars through our detailed auto reviews. Whether you’re making a major purchase or simply seeking inspiration, the Consumer Corner is here to empower you every step of the way—unlock the keys to becoming a smarter consumer today!
Economy
Feeding the Economy Report Says U.S. Food, Agriculture Add $10.4 Trillion
The 2026 Feeding the Economy report says U.S. food and agriculture industries generate $10.4 trillion in economic value and support 48.7 million jobs.
New Feeding the Economy Report Highlights Food, Agriculture Industry Strength
America’s food and agriculture industries generated more than $10.4 trillion in economic value in 2026, accounting for nearly 20% of the U.S. economy, according to the 10th annual Feeding the Economy report released by 35 food and agriculture groups. The new farm-to-fork study also found the sector supports 48.7 million jobs nationwide, including 24.3 million direct jobs across farming, food manufacturing, processing, distribution, retail, and foodservice.
The report points to continued resilience despite inflation, trade uncertainty, and ongoing pressure on farmers and producers. It found food and agriculture generate more than $3 trillion in wages and $1.35 trillion in tax revenue, while U.S. exports totaled $177.3 billion. At the same time, the study flagged softer areas to watch, including flat direct employment in production agriculture and food manufacturing, along with a year-over-year decline in exports. For the food and beverage industry, the report reinforces just how deeply agriculture remains tied to jobs, supply chains, and broader economic stability.
Source:
Tenth Annual “Feeding the Economy” Report Demonstrates Strength and Resilience of the American Food and Agriculture Industries Amid Ongoing Economic Pressures — Feeding the Economy via PR Newswire
Further information:
Feeding the Economy
View the original press release on PR Newswire
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