I want to thank the sponsors, speakers, staffers, and attendees who leaned in with us to continue #growingLAbio at our second annual Greater LA Life Science Forum, presented in partnership with BizFed member Biocom California. We convened diverse business leaders, elected officials, researchers, and investors to examine the massive job growth potential of the life science sector – and how Southern California can position itself to tap into emerging opportunities.
We invite you share share among your networks.
Our three panel discussions examined local success stories, major obstacles to overcome, ways to cultivate inclusive growth, and factors that make life science one of Southern California’s fastest growing industries. Data points from Biocom California’s 2023 Economic Impact Report underscore the vital importance of our work to supercharge this emerging economic engine.
The life science industry supports 1.19 million jobs, $129.6 billion in labor and sole proprietor income, and $413.7 billion in business output.
Life science organizations in California expanded employment by 6% in 2022, outpacing other industries statewide by nearly 2 percentage points.
The Los Angeles region (Los Angeles, San Bernardino, and Ventura counties) employed 97,117 life science workers in 2022, a 4% increase from 2021.
The largest life science employment gains in the Los Angeles region were driven by workforce expansions at college, university, and professional schools (which added 2,050 jobs in 2022), as well as research and development growth at biotechnology organizations (which added 695 jobs in 2022).