Farms.com Home   Ag Industry News

U.S. grows green - Bioeconomy creates jobs from renewable resources

New study shows biomanufacturing's positive impact on jobs and environment

By Farms.com

Great news for the U.S. economy and the environment! A recent study by TEConomy Partners, LLC, reveals the significant positive impacts of the U.S. industrial bioeconomy. This sector focuses on biomanufacturing, the creation of industrial products from renewable materials.

The report sheds light on how biomanufacturing transforms renewable biomass into various products, including bioplastics and biofuels. It also explores the research and development driving innovation in biomanufacturing technologies.

This sector aligns with the President's National Biotechnology and Biomanufacturing Initiative, which aims to accelerate its growth.

"The U.S. has a perfect recipe for bioeconomy success," said a biomanufacturing industry leader. "We have abundant natural resources, a strong agricultural sector, and scientific leadership. Biomanufacturing creates high-paying, green jobs throughout the economy, while also utilizing renewable resources for a sustainable future."

According to the report, in 2023, the U.S. bioeconomy supported nearly 644,000 domestic jobs, contributed $210 billion to the U.S. GDP, and drove $49 billion in wages. The top five states for total economic output were Illinois, Iowa, California, Nebraska, and Minnesota.

The report highlights that the U.S. bioeconomy creates jobs that are not only high-paying, but also contribute to a more sustainable future by relying on renewable resources.

Bioeconomy jobs are concentrated in states with strong agricultural sectors, creating a win-win situation for both the environment and the economy.


Trending Video

2024 Planting Cover Crop for cattle!!!

Video: 2024 Planting Cover Crop for cattle!!!

Planting 15 spiecies froCow chow! Seed in the dust bins will bust!Getting stuck! Unplugging beaver dams!