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Thursday, July 10, 2008


US Biotech Jobs Up 17.8%

The Nation’s bioscience industry continues to grow as states and regions vie to attract high-wage jobs, according to a study released on June 18, 2008 by Battelle and the Biotechnology Industry Organization (BIO).

The study, "Technology, Talent and Capital: State Bioscience Initiatives 2008," presents data on national, state and metropolitan bioscience employment and growth trends during 2001 to 2006. The study also examines a series of additional key performance metrics and describes state policies and programs designed to accelerate the growth of the biosciences. The report has been produced from the most current and comparable annual data available.

Total U.S. employment in the biosciences reached 1.3 million in 2006, up from 1.2 million in 2004, led by strong growth in the research, testing and medical lab subsector, which experienced a 17.8 percent increase in employment and a 32.7 percent increase in establishments between 2001 and 2006. Indirect and induced employment from the bioscience industry totals an additional 6.2 million jobs spread throughout the remainder of the economy. Together, these direct, indirect and induced jobs account for a total employment impact of 7.5 million jobs.

"The bioscience sector is truly coming of age with new discoveries finding their way into new applications and products leading to new medical treatments, new sources of energy, and new industrial products made out of bio-based materials," said Jim Greenwood, President and CEO of BIO. "This has led to the growth of clusters of bioscience firms focused on specialized niches throughout the 50 states and Puerto Rico."

Following are some of the key findings in the report:
The report is available through the Biotechnology Industry Organization (BIO) website.
Click here to access the presentation.
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