Penn State’s total research expenditures reach a record high in 22-23


By Staff Writer 

Penn State recently announced that its total research expenditures increased 14% to a record high of $1.239 billion in 2022-23, driven by a $98 million jump in federal funding. All of Penn State’s academic units reported increases in research funding with the Applied Research Laboratory leading the way with an increase of $73.8 million for a total of $350.5 million, a 26.7% increase over FY22.

The funding shows the impact that Penn State faculty, staff and students are making to solve important challenges locally, nationally, and around the world.

“This achievement is a testament to the dedication and enterprise of our outstanding faculty, students, and staff,” said Andrew Read, interim senior vice president for research. “It reflects the ongoing confidence of our sponsors in our ability to successfully address some of the world’s most pressing problems. We are enormously proud of our researchers and our research administration team.”

Continued growth in research helps the university and Happy Valley attract industry collaboration and world-class talent.

Read the full announcement here.


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