BioForward Wisconsin: New report puts statewide biohealth industry economic impact at $28B
Today,BioForward Wisconsin, the collective voice of Wisconsin’s robust and comprehensive biohealth cluster representing more than 220 member organizations, shared results of the Wisconsin Biohealth: Industry Landscape and Economic Impact Report which highlights the statewide biohealth industry as a leading economic growth and innovation driver for Wisconsin.

According to the report, prepared by TEConomy Partners, LLC, a global leader in research, analysis and strategy for innovation-based economic development, Wisconsin’s biohealth industry is outperforming most major state industries in terms of job growth and wages. Among the highlights within the third-party report are:

  • Economic Impact: The total state economic impact contribution by the biohealth industry is $28.8 billion...

  • Jobs: Wisconsin’s biohealth research organizations, manufacturers, digital health, and distribution companies directly employ more than 46,000 individuals...

  • Wages: The high-quality jobs generated across the biohealth industry pay more than $87,000 on average...

  • Funding: Wisconsin-based institutions and organizations received almost $500 million in National Institutes of Health funding in 2019...

  • COVID-19 Response: The report specifically emphasizes the state’s response to the COVID-19 pandemic stating..
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- - Volume: 8 - WEEK: 41 Date: 10/8/2020 8:40:53 AM -