The state’s bioscience industry is on the rise, employing nearly 35,000 in 2016.
That’s according to a new report from the national Biotechnology Innovation Organization, which highlights the $2 trillion impact the industry has on the country as a whole.
It shows Wisconsin has been performing above the national average for bioscience employment, with a 5.8 percent increase in these jobs between 2013 and 2014. At the same time, the number of bioscience companies in Wisconsin grew by 13.4 percent, to 1,382.
And growth in both of those areas surpassed the national average since 2014, report authors note.
Both Madison and Milwaukee help solidify the state’s bioscience industry. Madison was one of eight cities nationwide that have specializations in four bioscience sectors, while Milwaukee had the fifth highest concentration of jobs in medical devices and equipment in the country.
In fiscal year 2016, Wisconsin’s academic R&D expenditures were dominated by the health sciences sector, with $531.2 million.
That was followed by biological and biomedical sciences, $259.9 million; agricultural sciences, $73.5 million; bioengineering/biomedical engineering, $38.2 million; life sciences and other, $11 million; and natural resources and conservation, $700,000. Read the full story here.