Biotech + California = Economic Engine
California is home to several of the nation’s largest life sciences clusters. Our thriving industry is a leading employer, a powerful economic engine and a driving force behind developing the state’s biomedical workforce. Throughout the COVID-19 pandemic, California’s biotech sector has proven vital in developing testing, treatments and vaccines to fight the virus and driving economic recovery. Our state’s prosperity is closely linked to the ongoing contributions of its thriving biotechnology industry, which generated a total of $376 billion in economic activity last year alone.
By The Numbers
Total biomedical exports from California biotechnology companies
Total estimate venture capital investment in California biomedical companies
Average salary California biotech employees were paid in 2021
Californians directly and indirectly employed by the biotechnology industry in 2021
Californians directly employed by the biotechnology industry in 2021
Number of biomedical facilities in California, the birthplace of the biotech industry, in 2021
Total economic output generated by California’s biotech industry.