Economic Impact Study
A new economic impact study shows biotechnology, life sciences and medical research contribute billions of dollars in direct revenue to Oregon's economy, and local biotech workers earn higher wages.
Produced by ECONorthwest this study measures the economic contributions of the bioscience industry to the Oregon economy. The study, “The Dimensions and Contributions of the Bioscience Industry in Oregon” demonstrates some surprising findings. The Oregon bioscience industry:
- Contributed $3.5 billion to Oregon’s economy
- Employed 13,630 people
- Average wage of $55,000
- $459,900,000 spent on research, most federal funding
- Over 600 private companies and research institutions
- Total economic impact of over $6 billion and 37,000 jobs.
- And growing…
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Oregon Bioscience Industry Segmentation and Cluster Analysis Report -- 2008
The Oregon Economic & Community Development Department with support from the Portland Development Commission, Oregon Health and Sciences University and the Oregon Bioscience Association commissioned a cluster-based study of the Oregon Bioscience industry to:
- Identify key industry sub-clusters and their linkages,
- Provide a better understanding of the drivers and needs of the sub-clusters, and
- Identify what economic development strategies are best pursued to help the Bioscience industry grow in Oregon
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2008 State Biosciences Initiatives Report by the Biotechnology Industry Organization and the Battelle Institute
The study, "Technology, Talent and Capital: State Bioscience Initiatives 2008," presents data on national, state and metropolitan bioscience employment and growth trends during 2001 to 2006. The study also examines a series of additional key performance metrics and describes state policies and programs designed to accelerate the growth of the biosciences. The report has been produced from the most current and comparable annual data available.
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2007 Report from the Portland Development Commission
The report states that the emerging biosciences cluster is thriving in the Portland region, bringing state-of the-art technology to today’s marketplace. Portland’s biosciences sector includes companies that offer products and services based on the commercialization of knowledge derived from the life sciences. The scope of the industry includes pharmaceutical and medicine manufacturing, medical equipment and supplies manufacturing, and various research and development firms
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2006 WorkSource Oregon Report
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