Spotlight: Biocom’s 2017 Economic Impact Report

(From Biocom)

California: The Golden State with Golden Opportunities

Life science companies in California together generate nearly $317 billion in annual economic output, boost the state’s total gross product by $171.4 billion, support more than 1.1 million jobs and increase labor income by $92 billion per year. These are among the key findings of Biocom’s 2017 Economic Impact Report Databook, which sizes up the California life science industry through an analysis of economic, demographic and industry performance data.

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San Diego’s Life Science Cluster

San Diego County’s life science industry:

  • 1,200 unique life science establishments
  • Provides nearly 50,000 jobs and supports 133,000 jobs in the county
  • Generates $33.6 billion in economic output and adds $19.4 billion to the local gross product
  • Life science establishments brought over $832 million in NIH grants in FY2016.
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