Ohio, The Heart of it All for Life Science Manufacturing

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Employs 63,800 Ohioans

~4,900 life science businesses

12.8% employment growth since 2019

Ohio’s life science manufacturing industry workers earned nearly $105,000 on average, which is more than $42,000 or 67% above the state’s private sector average.

Economic multiplier effects

• Generated, supported more than $66.0B in total economic (output) impacts
• Employed, supported more than 206,000 Ohio workers – an employment multiplier of 3.24 for every direct job in the state’s life sciences industry, an additional 2.24 Ohio jobs are supported
• Generated, supported $32.4B in total value-added impacts

Innovation ecosystem for life sciences development

$3.5B – VC funding to life sciences companies (2019-2023)

$2.0B – Academic life sciences R&D

$1.1B – Industrial life sciences R&D

$1.0B – NIH funding

$24M – SBIR awards

7,600 – Patent awards (2019-2023)

10,000 – Clinical trials activity (2019-2023)

Successful life science manufacturing clusters require and are built upon a high-functioning ecosystem that supports basic and applied R&D with the appropriate resources, protects intellectual property (IP), and allocates capital to promising and innovative new, emerging, and existing businesses.

Source: https://ohiolifesciences.org/ohio/