Prince George’s County is well-positioned to benefit from Maryland’s continued leadership in bioscience research and innovation, as a new industry report highlights the state’s strengths in scientific research, high-paying employment, and private-sector investment. The findings reinforce opportunities for the County to attract innovative businesses, support workforce development, and strengthen its growing life sciences economy.
As reported by the Maryland Tech Council, a new study released by the Biotechnology Innovation Organization (BIO) and TEConomy Partners found that Maryland’s bioscience industry supported 51,705 jobs across 3,594 establishments in 2025, with an average annual wage of $158,224, approximately twice the state's private-sector average.
The report also highlights Maryland’s significant investment in research and development, with nearly $2.9 billion in academic bioscience research expenditures in fiscal year 2024 and approximately $2.2 billion in National Institutes of Health (NIH) funding in fiscal year 2025. Additionally, Maryland bioscience companies attracted nearly $4 billion in venture capital investment between 2021 and 2025, demonstrating the industry's ability to attract funding and support innovation.
For Prince George’s County, these statewide findings highlight opportunities to leverage its research institutions, skilled workforce, and proximity to federal agencies to attract life sciences companies and support emerging businesses. The County's innovation ecosystem, including the University of Maryland, College Park, and its growing network of technology-focused enterprises, provides a foundation for research partnerships, commercialization, and business expansion.
Continued investment in the bioscience sector could also create opportunities for County-based businesses in biotechnology, healthcare, laboratory services, advanced manufacturing, and professional services. Strengthening connections between research institutions, entrepreneurs, and industry leaders can help encourage job creation, attract private investment, and expand pathways for local businesses to participate in Maryland's innovation economy.
As Maryland continues to compete nationally for bioscience investment and talent, Prince George’s County has an opportunity to build on its strategic assets and strengthen its position as a destination for research, entrepreneurship, and high-growth industries. Supporting innovation, workforce readiness, and business development will remain important to translating the state's bioscience strengths into long-term economic opportunities for County businesses and residents.
Original Article: Maryland Tech Council – New Report Affirms Maryland’s Leadership in Bioscience Research and Innovation