Indianapolis MSA Ranked Most Diverse Bioscience Employment Region in Nation

For Immediate Release

Contact: Kristin Jones, 317-752-9809

kjones@ihif.org

SAN DIEGO, CA & INDIANAPOLIS, IN (June 24, 2014) – The Indianapolis/Carmel metropolitan area was the only region in the nation to have a specialized employment concentration in all five bioscience industry subsectors according to a report released moments ago at this week’s BIO International Convention in San Diego, CA. While the state of Indiana is usually listed among the largest and most specialized states in several of the subsectors, the BIO/Battelle State Bioscience Jobs, Investment, and Innovation 2014 report calls out the Indianapolis region as the most diverse area of the country for bioscience employment, surpassing even such leading clusters as Boston, Research Triangle Park, San Diego, and San Francisco.  Two other MSA’s, South Bend/Mishawaka and Bloomington were also among the nation’s top twenty nine metro regions to have a specialized employment concentration in at least three bioscience subsectors.

“Our diversity has always been the key to our success in the biosciences”, said Kristin Jones, President and CEO of the Indiana Health Industry Forum (IHIF). “From large, multinational firms, representing a variety of sectors, to the breadth and depth of our supporting services sector, Indiana is consistently recognized for its strength as a collaborative, supportive, interactive, and dynamic community that operates at the highest international standards and capacities”. IHIF is the Indiana affiliate of the Biotechnology Industry Organization (BIO) and Jones is attending the convention to represent IHIF members and make business connections for Indiana companies and organizations.

In the 2012 report, Indiana was one of only two states recognized as being large and specialized in four of the five bioscience subsectors – New Jersey was the other. The subsectors include: agricultural feedstock and chemicals, drugs and pharmaceuticals, medical devices and equipment, research, testing, and medical labs, and bioscience-related distribution.

The report did also note a downturn in overall bioscience employment for the state from nearly 60,000 direct jobs in the 2012 report to 57,644 in the current report.  Indiana was also among the lower ranking states in NIH Funding and Academic R&D expenditures but ranked well in bioscience related patents – in the top five states for medical devices and equipment patents and top 10 for ag bioscience, biotechnology, and surgical and medical equipment.

The state’s largest employment decrease came from the drugs and pharmaceutical sector, a trend that is reflected nationally as well.  “Employment numbers only show one dimension of economic reality”, said Peter M. Pellerito, head of PMP Public Affairs Consulting and BIO’s lead consultant for the report.  “Output is another key piece of that equation and nationally, from 2007-2012, bioscience output grew by 17 percent, compared to 9 percent for the overall private sector”.

“The decrease in employment and NIH funding is troubling for Indiana”, said Elaine Lee, Chair of the IHIF Board of Directors, who is attending the show on behalf of Rose-Hulman Institute of Technology. “While the decrease in NIH funding is a trend that is observed nationally, it is symptomatic of the reduction in non-dilutive funding going into early stage research and development in the life sciences across the board. Without substantial investment and financial support for new ventures now, there will be fewer therapies and cures available to patients in the future”.

The full report is available on-line from BIO at http://www.bio.org/articles/battellebio-state-bioscience-jobs-investments-and-innovation-2014.  Indiana state data is available at:http://www.bio.org/sites/default/files/SP_Indiana.pdf

 

About IHIF

The diverse members of the Indiana Health Industry Forum (IHIF) 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. IHIF is the Indiana affiliate of the Biotechnology Industry Organization (BIO). To learn more, please visit www.ihif.org

About BIO 

BIO is the world’s largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIO produces  BIOtechNOW, an online portal and monthly newsletter chronicling “innovations transforming our world.”  Subscribe to BIOtechNOW.

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