Economy

Biotech + California = Economic Engine

California is home to several of the nation’s largest life sciences clusters. This thriving industry is a leading employer, a powerful economic engine and a driving force behind developing the state’s biomedical workforce. Our state’s prosperity is closely linked to the ongoing contributions of the growing biotechnology industry, which generated a total of $413.7 billion in economic output last year alone.
By The Numbers
469k

Californians directly employed by the biotechnology industry in 2022

6.0%

Increase in employment for the life science industry in California, outpacing all other industries in the state

$131.8k

Average salary California biotech employees were paid in 2022

$12.5B

Total estimate venture capital investment in California biomedical companies

1.19 M

Californians directly and indirectly employed by the biotechnology industry in 2022

$413.7B

Total economic output generated by California’s biotech industry

16.6k

Number of biomedical facilities in California, the birthplace of the biotech industry

Regional Snapshots

San Diego Cluster

  • $57.4B in Economic Output
  • 178k Total Jobs Supported
  • 2,080 Life Science Institutes

With 2,080 life science companies and research institutes, San Diego County’s life science industry provides over 178,000 direct and indirect jobs. It generates $57.4 billion in economic output and adds $18.3 billion in total labor income. Life science establishments brought almost $1.2 billion in NIH grants to San Diego in 2022.

Bay Area Cluster

  • $133.5B Economic Output
  • 258k Jobs
  • 3,760 Life Science Institutes

The nine counties that comprise Northern California’s life science industry generate over $133.5 billion in economic output and supports over 258,000 direct and indirect jobs. Northern California’s 3,760 life science institutions are spread among nine counties including Alameda County, San Francisco County, San Mateo County, Sonoma County, Solano County, Contra Costa County, Marin County, Napa County and Santa Clara County. Its local establishments were awarded over $2 billion in NIH research awards in 2022.

Los Angeles Cluster

  • $61.5B Economic Output
  • 202k Total Jobs Supported
  • 3,939 Life Science Innovation Companies

The Los Angeles Biotech Cluster (Los Angeles County, San Bernardino County and Ventura County) is home to 3,939 life science establishments. It supports over 202,000 direct and indirect jobs, generates $61.5 billion in direct economic output and increases labor income by $17.8 billion. Its local establishments were awarded over $1.2 billion in NIH research awards in 2022.

See the full Economic Impact Report Here.

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