Biotechnology
In 2004, Biotechnology in Northwest Iowa had 237 employing units with 4,930 employees in buyer/supplier industries. Employment in the cluster was at 20,260 in 2004. Biotechnology had an average annual wage of $30,812. In the core industries, employment reached 1,989 with an average annual wage of $35,508. Industries in the core include:
The State of Iowa has identified Biotechnology as a key area of focus, and has created financial incentives to further support the growth of this industry. |
Biotechnology is the use of living organisms or their products for commercial purposes. The Biotechnology industry has strong employment location quotients in the cluster as a whole (1.06 region to state and 1.22 region to nation), including the buyer/supplier (1.30 region to state and 1.76 region to nation) and core industries (1.94 region to state and 6.66 region to nation). The location quotients indicate a strong presence in the region.