Life science industry in California generates $372b annually, providing 1.4m jobs
California’s life science industry provides more than 1.4 million jobs in the region, with economic activity generating a total of $372 billion in 2019 alone. Biocom’s 2020 Economic Impact Report Databook outlines and highlights these key findings of the state’s life science industry, including information on economic, demographic and industry performance data.
“The 2020 Economic Impact Report is a vital barometer of the health and impact of the life sciences industry in California,” said Joe Panetta, president and CEO of Biocom, the association representing the California life science industry. “There is no more important time for our industry than right now, during an unprecedented global pandemic. This report demonstrates that the work the industry does every day has a significant economic impact on California, providing high-paying jobs across the state that contribute to the economic health of our communities. During the COVID-19 crisis, we will continue to k