Research and Development in Biotechnology (except Nanobiotechnology) in Minnesota
Revenue benchmarks for research and development in biotechnology (except nanobiotechnology) businesses operating in Minnesota.
#36 of 50 states-79.3% vs national avg
Average Revenue
$2.4M
per year
Businesses
66
in Minnesota
Revenue / Employee
$230K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.2
firms per 100K in MN
Total Revenue
$158.7M
all firms in MN
Total Employees
691
in MN
How Minnesota Compares
National Average$11.6M
Minnesota$2.4M
Difference$9.2M (-79.3%)