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

Most California Biomedical Companies to Maintain or Add Jobs in Next Two Years, According to New Report

La Jolla, Calif. (Vocus) February 2, 2010 -- The biomedical industry is one of the most recession-resilient sectors in California’s hard-hit economy and a critical driver of innovation, job growth and revenue that will help lead the state to economic recovery, according to a report released today by the California Healthcare Institute (CHI) and PricewaterhouseCoopers LLP (PwC). But, the report points to signs that the California biomedical industry is facing unprecedented challenges and that its biomedical leadership is being tested as other regions compete for biomedical research and manufacturing jobs.

As part of the report, in November 2009 California Healthcare Institute and PricewaterhouseCoopers commissioned a survey of 200 of the state’s leading biomedical employers about their outlook for the industry and the key challenges and opportunities it faces. Based on employment trends, the survey found that the sector is holding steady and positioned for future growth, but it remains to be seen how much of that growth will take place in California.

Key findings of the survey are:
   

 

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