Report: Washington State’s $41.2B Life Sciences Industry Grew 50% Over Past Decade
Life Science Washington, the state’s industry trade association, today released its annual Economic Impact Report, revealing a 50% increase in job growth from 2013 to 2023. A top 10 life sciences cluster in the U.S., Washington state outpaced both national life sciences job growth and private sector job growth in the state.
“Over the last decade, Washington has emerged as one of the top 10 life sciences clusters in the country, driven by a unique blend of technology expertise and cutting-edge science,” said Marc Cummings, President and CEO of Life Science Washington. Life Science Washington also released its 2024 Washington State Investor Report, which revealed total investments of $2.65 billion in 2024, an increase from $854.3 million in total investments in 2023.
“The state’s life sciences sector has also served as a buffer during each of the past three recessions, which shows the resilience of our companies and their diversity at all different stages of growth,” Cummings added.