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									Despite Economy, Ohio’s Bioscience Industry Shows
Economic, Employment Growth
30.03.2010 | Author: Business Wire | Posted in Technology | Press Release Tags:
Biotechnology, Clinical Trials, Education, General Health, Genetics, Health, human
resources, medical devices, North America, Ohio, Other Education, Other Health, Other
Professional Services, Other Science, pharmaceutical, professional services, Research,
science, training, United States, university

Statewide, Jobs Increase, New Business Locations Open

COLUMBUS, Ohio–(BUSINESS WIRE)– Employment in Ohio’s biosciences sector is
on the rise across the state according to a report released today by BioOhio, a non-profit
organization supported by the Thomas Edison Program of the Ohio Department of
Development. Despite the nation’s stagnant overall economy, total employment in Ohio’s
bioscience sector in 2008 was 55,465. That’s a 2.8% increase between 2007 and 2008
(1,520 jobs). Since 2000, the bioscience sector in Ohio added over 8,400 jobs, a 17.9%
increase.

Research conducted by BioOhio and Cleveland State University through February 2010
indicates at least 1,253 bioscience-related firms, with a combined 1,628 locations, were
operating in Ohio. These organizations range from global brands to newly hatched start-
ups. Retrospective analysis revealed that 1,057 bioscience firms existed in 2000. Nearly
55% of Ohio’s bioscience firms fall into two subsectors—medical laboratories &
diagnostic imaging centers (565 locations) and medical device & equipment
manufacturers (325 locations). The six bioscience subsectors also include
pharmaceuticals & therapeutics, agricultural biotechnology, testing laboratories, and
research & development.

From 2004 to 2008, 355 new companies began operation in Ohio—an average of 71 each
year. In 2008, 81 bioscience-related organizations either launched or established their
first facility in the state. BioOhio President and CEO Tony Dennis attributes this growth
Ohio’s strengths related to getting products to market.

“Ohioans make products, distribute products, and market products,” Dennis said, “and
over the past decade that has become increasingly true in the bioscience industry.
Companies around the U.S. and throughout the world understand that Ohio is a cost-
effective, workforce-ready location to set up shop. We welcome them with open arms.”

“The state is proud to support the growth of high-tech industries like bioscience through
programs like the Ohio Third Frontier,” said Lisa Patt-McDaniel, Director of the Ohio
Department of Development. “This latest report shows that these investments, along with
those of nonprofit organizations and entrepreneurs, are successfully creating new
businesses and new jobs for our state.”
Some of those new companies include Cervilenz, M2M Imaging and ViewRay in
northeast Ohio, Cardiox and EXCMR in Columbus, Blue Ash Therapeutics and Airway
Therapeutics in southwest Ohio, and ADS Biotechnology in the Toledo area.

The northeast region, including Cleveland and Akron, led the state in number of
bioscience firms with 39.5% of all bioscience firm locations. The central region,
anchored by Columbus, and the southwest region, which includes Cincinnati, followed
with about 16% of bioscience locations each. Since 2000, all regions have grown in the
total number of bioscience locations.

From 2005 through 2009, 179 bioscience companies have either expanded operations or
announced new facilities in the state. Forty new projects occurred in 2009, including
major developments from Battelle and Ben Venue Laboratories.

Bioscience in Ohio also showed growth in average wages. Bioscience sector jobs paid an
average wage of $70,232 in 2008, including all bioscience industries and all occupations,
not just for scientists and top managers. Ohio’s bioscience sector payroll totaled $3.9
billion in 2008, an increase of $895 million or nearly 30% since 2000, as measured in
2008 dollars. Bioscience payroll grew by $109.8 million (2.9%) from 2007 to 2008.

“It is important to annually monitor the economic performance of the bioscience industry
in Ohio to capture the industry performance during periods of economic recessions and
expansions,” said Ziona Austrian, director of Cleveland State University’s Center for
Economic Development.

The Ohio Bioscience Growth Report also reports on trends in bioscience research
funding, company investment indicators, and intellectual property. For the complete
report and appendix, visit www.bioohio.com/pdfs/growthreport09.aspx.

BioOhio (formerly Omeris) is a non-profit organization supported by the Thomas Edison
Program of the Ohio Department of Development. Its mission is to accelerate bioscience
discovery, innovation and commercialization of global value, driving economic growth,
and improving quality of life in Ohio. BioOhio is headquartered in Columbus, with
regional business development affiliates in Cleveland, Columbus, Cincinnati and Athens.

								
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