Utah is home to over 4,300 life science and information technology companies. These industries provide roughly 63,000 high-paying, high-quality jobs in the state and generate an estimated $3.4 billion in annual wages.1 According to the Utah Department of Workforce Services, in 2006, the Utah life science industry accounted for roughly 26,800 jobs in the state with an average monthly salary of $4,213 – 29% higher than the average monthly nonfarm employment salary in the state.2
Utah offers a world-class effort in arterial and vascular access devices, producing 70% of all devices used worldwide. In addition, Utah is very active in the biotech and drug delivery sectors. The Utah Population Database, coupled with the state’s genealogy records, is the world’s most comprehensive of its type. This has led to the discovery of more human genes than anywhere else in the world and will, in time, translate into major technology being applied to the emerging field of personalized medicine.
Utah has focused efforts on making economic development a number one priority for the state. Utah is targeting seven specific industries, referred to as “economic clusters.” The life science industry is one of Utah’s select economic clusters.
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