New Hampshire's bioscience industry has seen remarkable growth, employing 9,330 individuals across 1,048 establishments in 2023. This represents a 27.9% increase in employment since 2019, significantly outpacing national trends in the sector [6315cef6].
The average wage for bioscience workers in New Hampshire stands at $136,164, which is 79% higher than the state's average wage. This wage growth reflects the high demand for skilled professionals in the bioscience field [6315cef6].
In terms of research and development, New Hampshire bioscience companies reported expenditures totaling $238.8 million in 2022. Additionally, the state received $127.6 million in funding from the National Institutes of Health (NIH) in 2023, further highlighting the robust support for bioscience initiatives [6315cef6].
The state also witnessed a surge in innovation, with 399 bioscience patents filed in 2023, up from 325 in 2019. Over the past five years, the industry attracted $388 million in venture capital investments, indicating strong investor confidence in the sector's potential [6315cef6].
The findings were released in a report on December 2 by BIO and the Council of State Bioscience Associations, with Andrea Hechavarria serving as the president and CEO of NH Life Sciences. This report underscores the significant impact of the bioscience industry on New Hampshire's economy and its role in fostering innovation and job creation [6315cef6].