Research and Development in Biotechnology (except Nanobiotechnology) in Michigan
Revenue benchmarks for research and development in biotechnology (except nanobiotechnology) businesses operating in Michigan.
#19 of 50 states-53.2% vs national avg
Average Revenue
$5.4M
per year
Businesses
68
in Michigan
Revenue / Employee
$230K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
0.7
firms per 100K in MI
Total Revenue
$369.4M
all firms in MI
Total Employees
1,606
in MI
How Michigan Compares
National Average$11.6M
Michigan$5.4M
Difference$6.2M (-53.2%)