Recent data indicates that North Carolina biotechnology employers significantly bolstered their staffs in the past decade. WRAL Tech Wire reports that the North Carolina biotechnology sector generates about $1.73 billion in state and local taxes. Additionally, statistics showed that the industry employs roughly 238,000 professionals and features more than 500 firms.
North Carolina Technology Center CEO Norris Tolson noted that the state's biotechnology industry represents a significant achievement for the area. While other regions have lost jobs due to the economic recession of the late 2000s, North Carolina biotechnology companies have sparked the local economy over the past few years.
"Even during the downturn, the only positive job growth was in the life sciences [segment]," Tolson told the news source. "It wasn't huge. But almost every other [biotechnology] cluster in the country lost jobs."
Economic challenges remain for biotechnology industry professionals around the country, but North Carolina's success in this sector provides a positive example for other areas. Biotechnology firms could increase their work teams as the nation continues its rebound from the economic downturn, and these companies could hire skilled experts who can provide valuable contributions over extended periods of time.
Content provided by executive search organization, MRINetwork.