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Biomedical Industry Jobs Critical to California's Economic Recovery, Finds California Healthcare Institute and PricewaterhouseCoopers
Date:2/2/2010

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  • Over the past year, nearly two-thirds (64 percent) of California biomedical companies either maintained or expanded their workforce, while other parts of California's economy saw steep declines and the highest unemployment levels in three-quarters of a century.  
  • Over the next two years, 81 percent of biomedical companies expect to maintain or increase their workforce in California.  
  • Two-thirds of biomedical companies also expect to increase their out-of-state manufacturing workforce over the next two years.  More than half (58 percent) anticipate expanding their research and development workforce outside of California.

  • "California is the birthplace of biotechnology, and our state's biomedical innovation delivers not only global advances in healthcare but the jobs that drive our economy," said David Gollaher, Ph.D., president and CEO of CHI. "While the biomedical industry has weathered the recession, it faces unprecedented challenges – access to capital, the educational funding crisis and uncertainty surrounding healthcare reform. Now more than ever, the sustainability of California's biomedical industry depends on decisions made in Sacramento and Washington."

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    SOURCE PricewaterhouseCoopers LLP
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