01 Oct New BioForward Report Puts Statewide Biohealth Industry Economic Impact at $28B
Wisconsin’s biohealth industry represents a leading economic growth and innovation driver for the state, generating significant economic impacts and outperforming most major state industries in terms of job growth and wages.
Today, BioForward Wisconsin, the collective voice of Wisconsin’s robust and comprehensive biohealth cluster representing more than 220 member organizations, shared results of the Wisconsin Biohealth: Industry Landscape and Economic Impact Report which highlights the statewide biohealth industry as a leading economic growth and innovation driver for Wisconsin.
According to the report, prepared by TEConomy Partners, LLC, a global leader in research, analysis and strategy for innovation-based economic development, Wisconsin’s biohealth industry is outperforming most major state industries in terms of job growth and wages. Among the highlights within the third-party report are: economic impact, jobs, wages, funding, and Covid-19 response.
“More than just mere numbers in a report, this insight highlights the state’s vibrant and dynamic biohealth industry as a crucial impact to Wisconsin’s economic growth,” said BioForward Wisconsin CEO Lisa Johnson. “The billions in economic impact for our state combined with the thousands of high-paying jobs play a significant role in our state’s economy. As importantly, individuals and organizations in this industry are essential to the treatment of, and solution to, the COVID-19 pandemic.