Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in Minnesota
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in Minnesota.
#1 of 50 states+188.1% vs national avg
Average Revenue
$44.6M
per year
Businesses
183
in Minnesota
Revenue / Employee
$197K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
3.2
firms per 100K in MN
Total Revenue
$8.2B
all firms in MN
Total Employees
41,489
in MN
How Minnesota Compares
National Average$15.5M
Minnesota$44.6M
Difference+$29.1M (+188.1%)