This sector aligns with the President's National Biotechnology and Biomanufacturing Initiative, which aims to accelerate its growth.
"The U.S. has a perfect recipe for bioeconomy success," said a biomanufacturing industry leader. "We have abundant natural resources, a strong agricultural sector, and scientific leadership. Biomanufacturing creates high-paying, green jobs throughout the economy, while also utilizing renewable resources for a sustainable future."
According to the report, in 2023, the U.S. bioeconomy supported nearly 644,000 domestic jobs, contributed $210 billion to the U.S. GDP, and drove $49 billion in wages. The top five states for total economic output were Illinois, Iowa, California, Nebraska, and Minnesota.
The report highlights that the U.S. bioeconomy creates jobs that are not only high-paying, but also contribute to a more sustainable future by relying on renewable resources.
Bioeconomy jobs are concentrated in states with strong agricultural sectors, creating a win-win situation for both the environment and the economy.