Sector Definition
The NAICS (2014) code 541711 or “Research and Development in Biotechnology” industry comprises of establishments primarily engaged in conducting biotechnology research and experimental development.
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Biotechnology research and experimental development involves the study of the use of microorganisms and cellular and biomolecular processes to develop or alter living or non-living materials.
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This research and development in biotechnology may result in development of new biotechnology processes or in prototypes of new or genetically-altered products that may be reproduced, utilized, or implemented by various industries.
Employment Impacts
The total employment impact is the sum of direct, indirect and induced impacts.
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Indirect impacts result from changes in economic activity of other industrial sectors which supply goods or services to the sector being evaluated.
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Induced impacts are the result of personal consumption expenditures by industry employees.
Direct Employment Impacts