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Saturday, April 19, 2014

Technology Talent and Capital: State Bioscience Initiatives 2008

The Nationís bioscience industry continues to grow as states and regions vie to attract high-wage jobs according to the study, "Technology, Talent and Capital: State Bioscience Initiatives 2008."

The study presents data on national, state and metropolitan bioscience employment and growth trends during 2001 to 2006. It also examines a series of additional key performance metrics and describes state policies and programs designed to accelerate the growth of the biosciences.

Some highlights are: 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.

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