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Biotech by the Numbers

Economic Impact

  • $59 billion/yr — economic activity
  • $1.73 billion/yr — state and local taxes
  • 237,655 total jobs — direct & indirect
  • $14.8 billion/yr total pay — direct & indirect employees

Job Growth

  • 23.5 percent — 2001 – 10
  • 3.5 times the national rate
  • The state’s overall private sector shrank 2.8% during same timeframe
  • 4.1 percent — 2008 – 10

Direct Impact

  • 600+ company facilities
  • 60,000+ employees
  • $78,000+ average salary

Return on Investment

  • Research Commercialization/Innovation: $1 to $28 (Avg. follow-on after grants)
  • Biotech Growth Companies: $1 to $117 (Avg. follow-on after loans)
  • Workforce Development: 1,721 teachers trained, 600,000 students taught (Summer Workshops)

Battelle
BioSciNC
NC ESC

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