Research and Development in Nanotechnology in Minnesota
Revenue benchmarks for research and development in nanotechnology businesses operating in Minnesota.
#43 of 50 states-94.7% vs national avg
Average Revenue
$1.7M
per year
Businesses
30
in Minnesota
Revenue / Employee
$178K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
0.5
firms per 100K in MN
Total Revenue
$51.0M
all firms in MN
Total Employees
286
in MN
How Minnesota Compares
National Average$32.3M
Minnesota$1.7M
Difference$30.6M (-94.7%)