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Media - California’s Biomedical Industry is ‘Recession Resilient’
Submitted on:
02.04.2010
California’s 274,000 biomedical jobs are holding steady and are critical to the state’s economic recovery, according to media coverage of the 2010 California Biomedical Industry Report, recently released by the California Healthcare Institute and PricewaterhouseCoopers. The
San Diego Union-Tribune
called the state’s biomedical industry “recession resilient,” while the Orange County Register said the sector was “one of the comparatively few bright spots in the Orange County economy last year.” The
Ventura County Star
noted that the Los Angeles Basin, including both Los Angeles and Ventura counties, is the state’s second-largest biomedical cluster, rivaling even the San Francisco Bay Area in biomedical employees. Meanwhile, the
San Francisco Business Times
said that the Bay Area grew its biomedical workforce by 1 percent.
KPBS Radio
in San Diego reported that about 80 percent of the largest California biomedical companies surveyed by CHI and PwC expect to hold steady or grow in the coming two years. David Gollaher, Ph.D., CHI’s president and CEO, told KPBS, “In the greatest recession since the Great Depression, our industry has maintained its job base, has maintained its investment focus, and has been enormously resilient to the recession.”
CHI-Advancing California biomedical research and innovation
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