Across the United States and around the world, officials are announcing huge investments to create bioscience clusters. The news is filled with government investments of hundreds of millions, or even a billion, dollars.
North Carolina started building its foundation 25 years ago when it established the North Carolina Biotechnology Center. While competing states are just starting out, North Carolina has invested more than $1.2 billion to the biosciences in just the past 10 years!
During the last decade North Carolina has committed:
- $857 million into research and facilities
- $135 million toward workforce training
- $115 million via the North Carolina Biotechnology Center
- $102 million in direct company incentives
According to a report from the Battelle Institute, North Carolina biotechnology has brought:
- 180,007 jobs
- $9.4 billion in employment compensation
- $45.8 billion in North Carolina business volume
- $1.44 billion in taxes generated for state and local government
- A thriving industry with 480 companies, employing 53,000
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