Indiana's life sciences industry maintains national top 10 employment ranking, three cities stand out in new BIO/TEConomy report

INDIANAPOLIS, June 5, 2018 /PRNewswire/ -- Biotechnology Industry Organization (BIO) and TEConomy Partners released their bi-annual survey of the U.S. life sciences industry at the BIO International Convention in Boston today, highlighting Indiana as a national leader in life sciences sector employment, with sizeable employment and industry concentration in the areas of agriculture feedstock and chemicals, drugs and pharmaceuticals, and medical devices and equipment. "Investment, Innovation and Job Creation in a Growing U.S. Bioscience Industry" report also identifies metropolitan statistical areas (MSAs) with significant life sciences activity, including seven Indiana cities: Bloomington, Evansville, Indianapolis, Lafayette, Michigan City, South Bend and Terre Haute. And, Indiana has three MSAs – with a significant concentration of life sciences activity in at least three of five industry categories. The Bloomington, Indianapolis, and Lafayette MSAs are cited as having some of the strongest industry performance in the U.S. Indianapolis and Lafayette are two of only eight cities in the U.S. with specialized concentration in four of the five subsectors.

Indiana's innovation and discovery strengths are also featured in the report. The state ranks ninth in the U.S. for bioscience-related patents granted (per 1 million population).

The report measures growth in the bioscience sector (Agricultural Feedstock and Chemicals, Drugs and Pharmaceuticals, Medical Devices and Research, Testing and Medical Laboratories and Bioscience-related Distribution) from 2014 to 2016 for the entire country and each of the fifty states.

"Indiana's life sciences industry continues to be a national leader, especially when it comes to employment, industry concentration and patents," David L. Johnson, president and CEO of BioCrossroads, said. "This report showcases the sector's strength as a truly shared Indiana asset – from our large cities to our smaller communities and from research and development to manufacturing and distribution. The collaborative efforts by BioCrossroads, our companies, and academic institutions are what make our State unique and help fuel the advancement of the industry."

• Bloomington MSA– Bloomington has been the number 1 small MSA (total private employment less than 75,000) in the Medical Devices and Equipment category for specialized employment concentration for the last three years. It is also ranked 20^th overall nationally for Medical Devices and Equipment. For small MSA Drugs and Pharmaceuticals employment, the city is the 6^th highest in the U.S. and moved up two spots from 2016 to 8th in the Bioscience-Related Distribution subsector. Overall, Bloomington has an employment specialization in three of the five industry subsectors (one of only 18 cities in the U.S. with that distinction).
• Evansville MSA – The Evansville area climbed six spots and is now 9th in the medium MSAs (total private employment between 75,000 and 250,000) for Agricultural Feedstock and Chemicals.
• Indianapolis MSA – Indianapolis metro ranks is 5^th nationally for employment in Drugs and Pharmaceuticals and 2^nd in large MSAs (total private employment greater than 250,000) in specialized employment concentration. It ranks 4^th in the U.S. for employment in Agricultural Feedstock and Chemicals.
• Lafayette MSA – The Lafayette MSA has four subsectors with specialized employment concentration. It ranks 6th in the Agricultural Feedstock and Chemicals subsector for small MSAs. In the Drugs and Pharmaceuticals category, Lafayette is 13th; and in Research, Testing and Medical Laboratories it moved up to 10^th from 13^th in the previous report.
• Michigan City-La Porte MSA – In the Medical Devices and Equipment subsector, is ranked 14^th in the small MSAs for employment concentration.
• South Bend-Mishawaka MSA – For the Research, Testing and Medical Laboratories subsector, the South Bend area is 13^th in the medium MSA category.
• Terre Haute MSA – In the Drugs and Pharmaceuticals subsector, Terre Haute ranks 14th for small MSAs.

Indiana is home to the global headquarters for: Anthem, Inc., Assembly Biosciences, Cook Medical, Eli Lilly and Co., and Zimmer Biomet and the North American headquarters of Roche Diagnostics; Beckman Coulter, Boston Scientific, Catalent Biologics, Corteva Agriscience, Agriculture Division of DowDupont, Covance, DePuy Orthopaedics, Express Scripts, Mead Johnson and Medtronic all host major operations in the state.  

The full report is available at www.bio.org

About BioCrossroads
BioCrossroads (www.biocrossroads.com) is Indiana's initiative to grow the life sciences, a public-private collaboration that supports the region's research and corporate strengths while encouraging new business development.   BioCrossroads provides money and support to life sciences businesses, launches new life sciences enterprises, expands collaboration and partnerships among Indiana's life science institutions, expands science education and markets Indiana's life sciences industry.  The initiative has formed several new nonprofit organizations, including Indiana Health Information Exchange, BioCrossroadsLINX, OrthoWorx, Datalys Center and the Indiana Biosciences Research Institute.

*Data is from 2016, the most recent available.

SOURCE BioCrossroads

Related Links

http://www.biocrossroads.com