Research and Development in Nanotechnology in Michigan
Revenue benchmarks for research and development in nanotechnology businesses operating in Michigan.
#14 of 50 states-36.0% vs national avg
Average Revenue
$20.7M
per year
Businesses
51
in Michigan
Revenue / Employee
$231K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
0.5
firms per 100K in MI
Total Revenue
$1.1B
all firms in MI
Total Employees
4,575
in MI
How Michigan Compares
National Average$32.3M
Michigan$20.7M
Difference$11.6M (-36.0%)