BioHive Flying High
September 9, 2021
Newly released data from the University of Utah’s Kem C. Gardner Policy Institute shows that Utah’s mature life sciences industry – our BioHive – continues to experience strong growth relative to state and national trends, even during the pandemic.
Key findings include:
- In 2020, Utah’s workforce concentration in life sciences reached 1.9% of all employees, first among states and more than double the national average of 0.9%. Since 2007, life sciences growth has outpaced the rest of Utah’s economy.
- In 2020, when the state experienced an overall 1.8% contraction in average employment, the life sciences industry experienced employment growth of 7.2%, second highest among all states in the nation.
- Growth in Utah’s Life Sciences industry has grown at an annual rate of 4.8% which is also second in the nation trailing Arizona by only six one-hundredths of a percentage point.
“Life sciences is a forward-looking industry that’s been a source of strength and resilience to the rest of our economy. Life sciences jobs offer Utahns advanced career options in support of the healthcare sector and a variety of applications. That’s what we’re seeing in our latest research for COVID and prior years,” explained Levi Pace, PhD, Senior Research Economist with the Kem C. Gardner Policy Institute.
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