Ohio State surpasses $1B in research spending

Ohio State University spent $1.24 billion on research in fiscal 2021, vaulting it three years ahead in President Kristina Johnson‘s 10-year plan to double 2020’s expenditures.

The 28% growth from the previous record of $968 million the year before came from both organic growth and improved data gathering in responding to the National Science Foundation’s annual Higher Education Research and Development survey, the Office of Research reported to trustees Wednesday.

OSU would leap into the top 10 institutions in the country for research expenditures when compared to fiscal 2020 data, when Harvard and Stanford universities spent $1.2 billion each, according to NSF data. Results from the nationwide 2021 survey won’t be published until November or December.

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published February 9, 2022.