BIOSCIENCE INDUSTRY ECONOMIC IMPACT IN OREGON
Executive Summary
Final Report
Released in 2019
Oregon’s bioscience and R&D industry continues its steady and significant growth.
With its dedication to improving the quality of life for people around the world, Oregon’s growing life science industry continues to shine. From new and better therapies for cancer and heart disease to improvements in wound care, drug delivery methods and use of artificial intelligence to advance precision medicine, Oregon companies are at the forefront of innovation. Considering Oregon’s renowned academic and research institutions along with recent significant investments in the state, the trends noted in this study are only expected to accelerate.
The new economy impact study shows the total economic impacts, including the direct impacts of the bioscience industry plus additional supply-chain and consumption-driven impacts. In 2017, the total impacts in Oregon consisted of:
- $10.7 billion in output, including $3.4 billion in income, and 47,238 jobs
- Average annual wages totaling $1.4 billion statewide
- NIH and federal dollar awards surpassing $363.4 million
- $401.9 million in tax and fee revenues for state and local jurisdictions
- $789.6 million in tax and fee revenues for the federal government.
Click either the executive summary or full report pictures to the left to read those and read the press release here.
ANNUAL REPORTS
Oregon Bio’s 2016-2017 Annual Report. We’re excited to share Oregon Bio’s activities and initiatives over the past year, highlighting successes of significant investments in the association and the industry. In this report, you can read updates about the companies who won the coveted pitch showcase and researchers who were recognized by esteemed judges. You can also catch the latest on the unprecedented grant from the Oregon Talent Council, the new tools Oregon Bio has to assist members, and the overview of our advocacy and outreach work.
And, here are expanded articles to tell the ‘rest of the story.’ These articles parallel the briefs included in the annual report, for a little deeper dive into the current happenings and member benefits of the Oregon Bioscience Association. Note, we also are sharing a special article that is ‘Web only,’ which means it’s only available here!
WEB EXCLUSIVES:
OTRADI Bioscience Incubator Creates Smart Health Annex for Digital Health Startups: pdf, article
Oregon Bio Offers New Member-Friendly Web Design, New CRM: pdf, article
Oregon’s Bio Talent Pool Boosted by Innovative Grant: pdf, article
Annual Conference Tops Attendance; Focuses on Emerging Researchers and Company Showcase: pdf, article
Web Only: Making Internal Processes More Efficient, Bio Staff Creates Time to Focus On Members: pdf, article
