The NAICS (2014) code 541712 or “Research and Development in the Physical, Engineering, and Life Sciences” comprises of establishments primarily engaged in conducting research and experimental development except for biotechnology research and experimental development in the physical, engineering, and life sciences, such as agriculture, electronics, environmental, biology, botany, computers, chemistry, food, fisheries, forests, geology, health, mathematics, medicine, oceanography, pharmacy, physics, veterinary and other allied subjects.
Gross Regional Product in the Five Coastal Counties of Mississippi and Alabama
The gross regional product (GRP), also called regional gross domestic product (GDP), is the market value of all goods and services produced within a given area over a specific period of time and is a good measure of the size, income, and productivity of a regional economy (EMSI, 2021).
The GRP of the five coastal counties is shown in the chart below.
Direct Employment Impacts in the Five Coastal Counties of Mississippi and Alabama
The number of workers and owners of these establishments is shown in the chart below.