Economic Impact of the Biopharmaceutical Sector in Oregon
Biopharmaceutical research companies have been and continue to be a good source of jobs, tax revenue and research spending in Oregon.
A study by TEConomy Partners found that in 2015, the industry supported more than 18,500 jobs throughout Oregon. Wages and benefits for employees whose jobs were supported by the biopharmaceutical sector resulted in more than $252 million in state and federal taxes paid.
Biopharmaceutical research companies supported the generation of $4.1 billion in economic activity in the state, including the direct economic output of the sector itself, the output of the sector’s vendors and suppliers and the output generated by the buying power of its workforce.
Company employees in Oregon include life science researchers, management executives, office and administrative support workers, production workers, engineers, architects, computer and math experts, and sales representatives. Biopharmaceutical companies also supported the jobs of their vendors and suppliers, including construction and IT firms. And the employees of biopharmaceutical companies help to support local restaurants, day care centers and other community businesses.
Economic Impact of the Biopharmaceutical Sector in Oregon
Biopharmaceutical research companies have been and continue to be a good source of jobs, tax revenue and research spending in Oregon.
A study by TEConomy Partners found that in 2015, the industry supported more than 18,500 jobs throughout Oregon. Wages and benefits for employees whose jobs were supported by the biopharmaceutical sector resulted in more than $252 million in state and federal taxes paid. Biopharmaceutical research companies supported the generation of $4.1 billion in economic activity in the state, including the direct economic output of the sector itself, the output of the sector’s vendors and suppliers and the output generated by the buying power of its workforce.
Company employees in Oregon include life science researchers, management executives, office and administrative support workers, production workers, engineers, architects, computer and math experts, and sales representatives. Biopharmaceutical companies also supported the jobs of their vendors and suppliers, including construction and IT firms. And the employees of biopharmaceutical companies help to support local restaurants, day care centers and other community businesses.
JOBS SUPPORTED BY OREGON'S BIOPHARMACEUTICAL INDUSTRY
MILLION GENERATED IN STATE AND LOCAL TAXES BY THE BIOPHARMACEUTICAL INDUSTRY
BILLION GENERATED IN ECONOMIC ACTIVITY BY THE BIOPHARMACEUTICAL INDUSTRY
Research in Your Backyard
To learn more about how biopharmaceutical research companies continue to be vitally important to the economy and patient health in Oregon, download the latest Research in Your Backyard report.
CLINICAL TRIALS IN OREGON IN 2013
OREGON RESIDENTS ENROLLED IN CLINICAL TRIALS
MILLION ECONOMIC IMPACT
Economic Impact of Clinical Trials in Oregon
A study by Battelle Technology Partnership Practice found that in 2013 alone, there were 904 active industry-sponsored, site-based clinical trials in Oregon, with an estimated enrollment of 10,620 Oregon residents. Oncology had the leading clinical trial enrollment in the state. The investment of these site-based clinical trials was nearly $107 million and the estimated total economic impact was more than $264 million.
