Phase I Report: Core Competency Analysis, Platform Identification and Crosscutting Strategies for Iowa Bioscience Development, November 2017

(2017) Phase I Report: Core Competency Analysis, Platform Identification and Crosscutting Strategies for Iowa Bioscience Development, November 2017. Iowa Economic Development Authority

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Abstract

Iowa benefits greatly from the bioscience sector. Biosciences overall represent an economic specialization for the state (with a location quotient of 1.36 – meaning the state has 36% more employment in biosciences than anticipated given national normative levels). Biosciences provide high-wage family sustaining jobs (with an average wage of $67,673 versus the average Iowa private sector wage of $41,964), and Iowa has been generally outperforming the nation in terms of bioscience employment growth (plus, biosciences have added jobs at a rate exceeding that of Iowa’s private sector overall). Specialized, growing and paying strong, family sustaining wages – biosciences are critical to Iowa’s current economic success and hold much potential for further focused development.

Item Type: Departmental Report
Keywords: Pathways, Economic Development, bioscience, employment
Subjects: Business and industry > Economic development
Business and industry > Economic forecasts
State government
Business and industry > Employment
ID Code: 38873
Deposited By: Margaret Barr
Deposited On: 05 Nov 2021 13:07
Last Modified: 05 Nov 2021 13:07
URI: http://publications.iowa.gov/id/eprint/38873