Sunday, April 4, 2010

Since 2000 Bioscience sector adds 8,400 jobs - intro to BioOhio growth report

Introduction by BioOhio President & CEO
Anthony J. Dennis, Ph.D.

In the past ten years, bioscience in Ohio has evolved from a promising opportunity into a vital component of the state’s business, health care, and academic landscape, and truly a global player. The contents of this report provide dynamic proof.

Total employment in Ohio’s bioscience sector in 2008 was 55,465. Since the year 2000, the bioscience sector in Ohio has added over 8,400 jobs. During a time of declining employment nationwide, more than 1,500 of those bioscience jobs—from blue to white collar—were added between 2007 and 2008.

From 2004 to 2008, 355 new bioscience companies began operation in Ohio—an average of 71 each year. In 2008, 81 bioscience-related organizations either launched or established their first facility in the state. Back in 2000, the number of new arrivals totaled 12. More than 1,250 bioscience firms go to work every day, at 1,628 facilities in Ohio, proving that a buckeye leaf never falls far from a bioscience company’s front door. BioOhio and our members are immensely proud of Ohio’s bioscience growth even during a challenging
economic period, but now is no time for pats on backs.

Through the steadfast efforts of our regional affiliates in Cleveland (BioEnterprise), Columbus (TechColumbus), Cincinnati (BioStart), and Athens (EBI), other strong incubator partners like the Akron Global Business Accelerator, Toledo’s Rocket Ventures, Braintree Business Development Center, and six Third Frontier Entrepreneur Signature Programs around the state, bioscience entrepreneurs will benefit from sage advice and funding options unavailable in many parts of the country.

BioOhio staff and our turbo-charged online resource directory will facilitate more partnerships among Ohio organizations and more visibility to the world. Our attraction and expansion efforts have networked economic development professionals from every part of the state. During the last 3 years, 45 new bio companies have come to Ohio from around the world and at least 116 existing bio companies have expanded their operations. Our popular career fairs and internship program will continue to match up world-class talent with
Ohio’s expanding bioscience companies.

And through a recently awarded $5 million U.S. Department of Labor grant, BioOhio will work with community colleges and employers throughout the state to retrain displaced manufacturing workers, fitting their skills to the needs of medical device and pharmaceutical companies.

BioOhio is here to help bioscience business, research, and education thrive in Ohio. And Bioscience in Ohio is here to stay.

click here to read the rest of the exciting 2009 BioOhio growth report


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