The Impact of Biotechnology in Pennsylvania
  • 72,835 bioscience jobs across 1,751 business establishments; ranking Pennsylvania among the top 6 U.S. state employers in three of the four major bioscience subsectors
  • .#2 in research companies, testing and medical labs.
  • #3 in drugs and pharmaceuticals.
  • #6 in medical devices and equipment.
  • 326,226 total employment impact, including bioscience jobs and jobs added through the ripple effect. Pennsylvania's employment multiplier for the total bioscience industry is 4.48.
  • $69,474 in average annual wages for a bioscience worker in the Commonwealth, nearly twice the average private sector wage ($38,055) for all workers in the state.
  • An overall employment specialization in the biosciences for Pennsylvania with a location quotient of 1.38 (38 percent more concentrated than the national average).
  • Venture capital investments in Pennsylvania bioscience companies were very strong in 2006, nearly reaching the $500 million mark; the biosciences now account for the majority of all VC investments in the State.
  • Vibrant state innovation in terms of bioscience-related patents issued; nearly one quarter of all State patents are related to biosciences.
  • Pennsylvania ranks 4th among all states in bioscience academic R&D expenditures and ranks among the top ten in four out of five of the core bioscience disciplines.
  • Among all states, Pennsylvania ranks 5th in total research awards from the National Institutes of Health (NIH).