Indiana leads U.S. in life sciences jobs and growth
INDIANAPOLIS, June 19, 2012 /PRNewswire/ -- Indiana has moved up the life sciences ladder and is now at the top of the leading national list. According to a Battelle/Biotechnology Industry Organization (BIO) Report "State Bioscience Industry Development 2012" released today at the BIO International Conference in Boston, Indiana is one of only two states (along with Puerto Rico) that have specialized bioscience employment in four of the five subsectors – Agricultural Feedstock & Chemicals, Drugs & Pharmaceuticals, Medical Devices & Equipment, Research, Testing & Medical Laboratories, and a new subsector, Bioscience Distribution (which includes agricultural seeds, biomedical equipment and supplies, and drugs and pharmaceuticals). New Jersey is the only other state to share this distinction. No state is specialized in all five areas.
The four subsectors that have an employment concentration of 20 percent or more of total U.S. employment are: Agricultural Feedstock & Chemicals, Drugs & Pharmaceuticals, Medical Devices & Equipment, and Bioscience Distribution.
"The BIO/Battelle Report makes our story very clear: Indiana's life sciences industry is now a national leader in almost every way that counts," said David Johnson, president and CEO of BioCrossroads, an organization focused on investment, development and advancement of the state's signature life sciences strengths. Johnson continued, "Our industry here is both diverse and deep, and we're now fully positioned to do even more. In fact, and especially at this time of challenge and change, it is critical that we continue to build from strength and pursue opportunities to encourage growth, innovation, and support."
As a whole, the number of bioscience jobs in Indiana has grown since 2001, increasing by 14%, and outpacing the national average of 6.4%. With the addition of the new Bioscience Distribution subsec