AN ECONOMIC FORCE.

 
FREE EXCERPT

"UTAH'S LIFE SCIENCES--MEDICAL DEVICES, DRUGS, AND DIAGNOSTICS-are vital strategic industry, representing quality expansion through its life-saving innovation, exports, and high-paying employment. Years of strong growth have multiplied the economic opportunities for STEM workers and local businesses."

--Natalie Gochnour, Director, Kern C. Gardner Policy Institute, University of Utah

TOTAL ECONOMIC IMPACT

130,439 JOBS

$13B GDP

$7.6 B PERSONAL INCOME

UTAH COMPANIES RESEARCH, TESTING & MEDICAL LABORATORIES 357 COMPANIES | 34.4% MEDICAL DEVICES & EQUIPMENT 180 COMPANIES | 17.3% DRUGS & PHARMACEUTICALS 107 COMPANIES | 10.3% LIFE SCIENCES DISTRIBUTION 394 COMPANIES | 38% 1,038 COMPANIES Note: Table made from pie chart. EMPLOYMENT WAGES DIRECT INDIRECT EMPLOYMENT (JOBS] 42,831 87,608 PERSONAL INCOME (IN BILLIONS) $3.3 $4.3 GDP (IN BILLIONS) $5.3 $7.7 Note: Table made from bar graph. ECONOMIC IMPACT

CAPITAL INVESTMENT

INVESTMENT IN UTAH'S LIFE SCIENCES INCREASED FROM $3.2B IN 2010 TO $5.2B IN 2016.

EDUCATION FOCUSED

UTAH HAS 11 INSTITUTIONS OFFERING PROGRAMS RELATED TO LIFE SCIENCES

GLOBAL REACH UTAH PRODUCES 70% OF THE ARTERIAL AND VASCULAR ACCESS DEVICES USED WORLDWIDE

INC. MAGAZINE RANKED SLC NUMBER #2 IN ITS "50 BEST PLACES IN AMERICA FOR STARTING A BUSINESS"

JOB CREATION

JOB CREATION IN UTAH'S LIFE SCIENCES INDUSTRY GREW FASTER THAN THE REST OF THE STATE'S...

To continue reading

FREE SIGN UP