Penn State’s research expenditures reach record $1.239 billion

Penn State’s total research expenditures reached a record high of $1.239 billion in fiscal year 2022-23, a 14%* increase from the previous year and driven by a $98 million jump in federal funding for research — by far the largest in the University’s history. This funding enables Penn State faculty, staff and students to conduct cutting-edge research and drive innovation that positively impact people’s lives, both locally and around the globe.