The Texas biotechnology industry has entered a new phase of growth and investment. Over the past two years, the sector has expanded its workforce and gained national attention as a leader in biomanufacturing and advanced research. With fresh numbers, new facilities, and stronger partnerships, the momentum behind Texas biotech has never been greater.
Biotech Jobs, Investment, and Research Funding on the Rise
The industry now supports over 129,000 direct biotech jobs and contributes nearly $95 billion in annual economic output. Between 2019 and 2023, Texas companies secured $8.7 billion in venture capital funding, and NIH funding to Texas institutions reached $1.8 billion in 2023. These numbers confirm Texas is becoming a top destination for biotech investment and talent.
Major Projects Signal Long-Term Growth
Recent projects underscore this trajectory—from a multibillion-dollar biomanufacturing campus in Houston to expansions in The Woodlands and major financing for AI-driven diagnostics in Irving—demonstrating that both multinational firms and homegrown innovators view Texas as a durable hub for growth.
Federal Policy Adds Fuel to the Fire
Federal onshoring efforts have further strengthened Texas’s attractiveness for biomanufacturing, complementing state incentives and research capacity.
Workforce Demand and STEM Strength in Texas
From 2021 to 2024, employers posted more than 155,000 openings across biotech, pharma, and medical devices, with wages well above the statewide average. Austin recently ranked among the strongest U.S. metros for STEM professionals, reflecting the life-sciences/tech crossover.
Challenges on the Horizon
Scaling specialized talent, selective funding, and lab-ready real estate remain real hurdles—yet they are also opportunities for targeted investment and public-private partnerships.
Looking Ahead
Onshoring, AI crossovers, and growth beyond the big three metros point to a strong decade ahead for Texas biotech—and continued economic and medical innovation statewide.
Related reading:
- Dementia: Texas, Make an Investment in the Fight
- Flu Vaccine: It’s Worth A Shot
- Medical Technology: How It Can Energize Medical Cost Savings
- Plasma Donation: A Spotlight on Its Lifesaving Power
FAQs
What are some leading pharmaceutical manufacturers in Texas?
Texas hosts multinational manufacturers and fast-growing firms across the state, including notable clusters in North Texas and San Antonio.
How many biotech companies are in Texas?
Over 1,000, with concentrations in Austin, Dallas, Houston, and San Antonio.
Which cities are the main hubs?
Austin, Dallas, and Houston anchor the ecosystem, supported by major universities and medical centers.
Biotech vs. pharma—what’s the difference?
Biotech leans on biological processes/genetics; pharma typically focuses on chemical-based drugs. Texas supports both.
Originally published April 2024
Let’s Talk Today! GovExperts has helped clients in biotech and understands the policy landscape that enables Texas expansion. Call 512-480-0049.