Today, the Austin Technology Council (ATC) is excited to announce the results of our study on the Life Sciences Sector .
In Central Texas, which unveiled the economic impact of the life sciences industry in Austin and surrounding communities including Round Rock and San Marcos. The study set out for the first time to define the life sciences sector in Central Texas, measure its current impact on the local economy in terms of gross regional product (GRP) and jobs, and identify key sector strengths.
Top findings from the report include:
- The life sciences sector contributes $1 billion in GRP to Central Texas.
- It represents 206 establishments and 6,000 jobs.
- The average wage in the life sciences sector is $75,209, compared to $49,557 for the regional economy as a whole.
- The Central Texas life sciences industry has a high concentration in R&D, representing over 50 percent of the jobs and $380 million in economic impact for the region.