Monthly Newsletter
CBF Celebrates National Biotechnology Month
January 2023
January is National Biotechnology Month. First announced by the Clinton Administration in 2000, National Biotechnology Month marks a time to recognize and prioritize the achievements and the potential of biotechnology and the incredible science happening in labs and educational institutions in California and across the globe.
As the proud birthplace of the life science industry, California is a leading employer and a pioneer in developing life-changing testing, vaccines, and treatments for cancer, diabetes, heart disease, COVID-19 and nearly every known health condition.
As policy leaders, you can help celebrate National Biotechnology Month by learning more about the industry at www.cabiotech.org or www.biocom.org. You can also attend the 2023 New Member Briefing on Monday, January 30 from 3:30 p.m. – 5 p.m. at the Sheraton Grand Hotel, Magnolia Room. The event is hosted by CBF in coordination with Senate pro Tem Toni Atkins and leadership of the Senate and Assembly to educate new and returning members about the value of California’s life sciences industry. Legislators, patient advocacy groups and life science industry representatives can register for the briefing by visiting this link. Please RSVP by January 27, 2023.
California’s Life Science Industry Generates $376 Billion Annually & Supports More Than 1.17 Million Total Jobs
Biocom California, the advocate for life sciences in California, released a new report – Biocom California’s 2022 Economic Impact Report Databook – which outlines key findings about the state’s life science industry, including information on economic, demographic, investment and industry performance data. The report underscores the significant contributions of the life science industry across California and in specific legislative districts.
Among its most important findings, California’s life science industry:
- Generates nearly $376 billion to the state’s economy
- Supports more than 1.17 million jobs (435,693 direct jobs/736,846 indirect jobs)
- Provides an average wage to employees of over $95,000
- Increases labor income by $115 billion per year
- Received more than $22 billion in venture capital, NIH funding and NSF funding
Click on the following links below for fact sheets on specific life science communities:
- California (Statewide)
- Bay Area
- East Bay(Alameda County and Contra Costa County)
- San Mateo County
- Santa Clara County
- City and County of San Francisco
- North Bay
- Orange County
- City of Los Angeles
- Los Angeles County
- City of San Diego
- San Diego County
The full report may be accessed here.
We hope you find this information useful in your policy considerations. For customized social media posts that you can share with your constituents, highlighting the latest figures on the industry’s economic impact in the communities you represent, please don’t hesitate to contact Patricia Cooper at [email protected] or (916) 764-2434.