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Economic Impact of Bioscience

2014 Battelle/BIO State Bioscience Jobs, Investments and Innovation Report

For the sixth time, Battelle and BIO issued the biennial report summarizing national and state statistics for the bioscience industry in the U.S from 2007-2012. Even in in a time period which included a national deep recession and early years of recovery, the industry grew nationally and in Wisconsin. Highlights include:   

  • Wisconsin’s bioscience industry is sizable and growing.
  • 32,000 jobs that spanned 1,391 business establishments in 2012
  • An increased employment in the industry by 8.2 percent from 2007 to 2012
  • Double-digit job gains from three of the five industry subsectors contributed to Wisconsin’s overall employment increase, these include: drugs and pharmaceuticals; research, testing, and medical labs; and medical device manufacturing.

2010 Economic Impact Study

Full Report

In 2010 BioForward commissioned the first ever study of the economic impact of the biosciences on Wisconsin's economy.  Key findings include:

  • Between 2004 and 2009 bioscience employment grew by nearly 3% in contrast to the rest of the economy that shrunk by over 3%
  • The average bioscience worker has earnings that are 64% higher than the earnings of a typical Wisconsin worker
  • More than 640 bioscience businesses have created nearly 24,000 private sector jobs with a total economic impact of close to $7 billion

The independent analysis was conducted by a team from the UW-Milwaukee Center for Workforce Development, and led by Professor Sammis B. White. The resulting report, "The Contribution of the Bioscience Industry to the Wisconsin Economy," is available here. 

 

Where is bioscience Business in Wisconsin?

Bioscience private sector employment is found across 25 NAICS (North American Industry Classification System) industry sectors, and in 53 of Wisconsin's 72 counties. Check out the maps below.

Wi Co by Empl CountMap of companies by employee count

Map of companies by industry sector