An intro into the Life Sciences and R&D industry, NAICS code 5417 – Scientific Research and Development Services:

Below is where the federal government is spending money in this NAICS code.

Above is where federal money is being spent in #northcarolina

The graph below shows the number of employees on the right axis in this NAICS code and the number of companies on the left axis from 2002 through 2017.

The graph below shows the annual revenues of companies on the right axis in this NAICS code and the labor multiplier/wrap rate on the left axis from 2002 through 2017.

Here are some of the top US jobs (by total numbers) in this NAICS code:

The old NAICS code from the 2017 version was updated to the following in the 2022 version.

Below is the 6th-level NAICS code data to get specific spending data:

Below is how federal dollars are being further categories by Product or Service Code (PSC). Top PSC codes are M181, R4525

Below are some of the largest agencies (AirFoce, DoE, etc) spending in this NAICS code:

What other insights would be helpful to take a deeper dive into this data?

Next steps will be taking the NAICS and PSC data and drilling down in specific CUSTOMERS (Department/Agency/Office) and COMPETITORS currently operating in this space.

Thank you for reaching and will appreciate any feedback!

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