Economic Impacts of Utah’s Life Sciences and Health Care Innovation Industry (2023)

Kem C. Gardner Policy Institute at the University of Utah
November 2023

Utah’s life sciences and health care innovation (life sciences) industry creates substantial economic impacts across the state through high-paying jobs at companies in research, testing, and medical laboratories; medical devices and diagnostics; biosciences-related distribution; and therapeutics and pharmaceuticals. Life sciences companies provide technology, products, and services to improve individual and public health outcomes. The industry generates significant employment, earnings, and GDP impacts statewide in addition to offering high-wage jobs and strong job growth, supporting over $500 million in net positive fiscal impacts to state and local governments, and employing a diverse workforce.

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