Biomanufacturing Boosts US Economy: Supporting Nearly 644,000 Domestic Jobs, $210 Billion in GNP, and $49 Billion in Wages

Biomanufacturing is making a significant impact on the U.S. economy, as reported by the Association of Equipment Manufacturers. This industry involves the conversion of renewable biomass into various materials such as fertilizers, bioplastics, and biofuels, as well as the research and development of other biomanufacturing technologies. The report highlighted the economic impact of the U.S. industrial bioeconomy, revealing that it supported nearly 644,000 domestic jobs, contributed $210 billion to the U.S. gross national product, and drove $49 billion in wages last year.

The top states for economic output in biomanufacturing included Illinois, Iowa, California, Nebraska, and Minnesota, with Georgia and Ohio showing significant impacts on employment. The benefits of biomanufacturing extend to the U.S. economy by creating jobs that are tied to the country and cannot be outsourced. This provides a competitive advantage and policy advantage to the industry, ensuring that these jobs remain within the U.S.

In addition to direct job creation, the biomanufacturing industry also supports a robust U.S