Indiana leads U.S. in life sciences jobs and growth

State cited by national study as only one of two with a specialization across the industry

Indianapolis, June 19, 2012 – Indiana has moved up the life sciences ladder and is now at the top of a 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 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.

“Indiana’s life sciences industry is in a very strong position – we are both diverse and deep, but it is critical that we continue to pursue opportunities to encourage growth, innovation, and support,” said David Johnson, president and CEO of BioCrossroads, an organization focused on investment, development and advancement of the state’s signature life sciences strengths. “Our unique collaborative nature among industry, research universities and philanthropic organizations will catalyze additional advancement, but we are always striving for more.”

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 subsector, the report now nearly 60,000 people working in one of the five bioscience subsectors tracked by BIO and Battelle, and is one of the top ten states in the U.S. for bioscience employment. In addition, Indiana is one of seven states with job gains of 5,000 or more between 2001-2010.

“This report really drives home the huge economic impact of this sector on Indiana’s economy. It reinforces the need to support our life science firms with programs and services targeted directly to the unique needs of this industry,” said Kristen Jones, president and CEO of the Indiana Health Industry Forum (IHIF). “This again shows that the investments made over a decade ago are paying off.” IHIF is Indiana’s BIO affiliate and is exhibiting at the show along with several Indiana organizations.

Bioscience employment has grown at a greater rate than the national private sector (2001-2010). The gap between the two is larger now than in 2007 at the start of the recession. Employment reached 1.61 million in 2010, up from 1.42 million in 2008, and grew by 6.4 percent, while total private sector employment declined by 2.9 percent.

The full Report is available on the BIO Website www.bio.org.

ABOUT IHIF

The diverse members of the Indiana Health Industry Forum generate the collective voice of the state’s health and life science industry.  The Forum connects key stakeholders to: enhance business networks, advocate for member interests, develop workforce skills, and provide strategic vision in the interest of growing the state’s health industry economy and reputation.  Our mission is to make Indiana the premier location to start and grow a health science business. IHIF is the Indiana affiliate organization for the Biotechnology Industry Organization (BIO).

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