Innovate Iowa is a grassroots initiative that unites health consumers, biopharmaceutical company employees and retirees, vendors, suppliers and other business, academic and community partners to demonstrate how these diverse groups work together to improve our health care system and strengthen both the national and Iowa economies.
Each and every one of us plays an important role in helping Americans gain and maintain access to life-saving medicines, fight chronic disease and lead longer, healthier lives. Our collective efforts contribute to the overall economic strength of Iowa and maintain its role as a leader for medical innovation.
The biopharmaceutical sector is the foundation of one of Iowa's most dynamic innovation and business ecosystems. Not only does the industry invest heavily in the research and development of new treatments and cures, it also generates high quality jobs, powers economic output and exports for the U.S. economy and sustains a very large-scale supply chain.
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Learn more about We Work For Health in Iowa and how to get involved.
Supporting High Quality Jobs in Iowa
The innovative biopharmaceutical sector directly supported 5,822 jobs in Iowa in 2020. These jobs are often high-skill, high-wage professions.
The industry also supported another 16,334 jobs indirectly, for a total of about 22,156 jobs across Iowa's economy. These additional jobs are with vendors and suppliers such as construction companies and I.T. companies, and jobs generated by the sector’s employees such as day care centers and restaurants.
Iowa workers whose jobs were supported by the biopharmaceutical sector paid a total of $327 million in personal taxes in 2020—$279.8 million in federal taxes and $48.2 million in state taxes.
Iowa's Economic Impact
In 2020, the biopharmaceutical sector supported $6.7 billion in economic output for the state of Iowa—including $3.8 billion generated directly by the sector, and another $2.8 billion through its vendors and suppliers and through the economic activity of its workforce.
vendor relationships
vendor spending
$222,583,215
Partners
For more information on Innovate Iowa, please contact us at info@weworkforhealth.org.
