Ohio
Ohio
In the development of new medicines, clinical trials are conducted to prove therapeutic safety and effectiveness and compile the evidence needed for the Food and Drug Administration (FDA) to approve treatments. And the biopharmaceutical sector is committed to bringing new treatments and cures to patients. This commitment to innovation supports high-quality jobs and is a vital part of every state’s economy and our global economic competitiveness.
In Your State
Economic Impact In Your State: Ohio
Economic Impact
$39.6B
Total output supported by biopharmaceutical sector
$2.2B
Tax Revenue Generated
136,097
Total Jobs
26,069
Direct Jobs
1,297
Total Clinical Trials
$566.1 million
Invested in Clinical Trials
35,343
Total Economic Impact of Clinical Trial Investments
$1.61 billion
Invested in Clinical Trials
Programs and Initiatives in Your State: Ohio
State programs and initiatives to promote biopharmaceutical industry development
- Accelerating Innovation, Commercialization & Entrepreneurial Development
- Building Research Capacity and/or R&D Infrastructure
- Economic Innovation Incentives
- STEM Education & Workforce Development
- Targeted Strategies
- Venture Financing