TEAM CALIFORNA AT WORK

TeamCalifornia members are busy at the Biotechnology Industry Organizations
Worldwide Annual Conference in San Diego.  And with an attendance of over
22,000 visitors TeamCalifornia members welcome Governor Schwarzenegger
today as he addresses the industry that was born in California just 30 years ago. 
Biotechnology companies have what our member cities and counties want -
"It's clean and fuels the economy with a well-educated, well-paid work force", said
Joe Panetta head of BIOCOM the industry trade group for Southern California. 
Biotechnology is California's second largest high tech industry and members
like the City of Merced, Riverside County, City of South San Francisco, Cities
of Santa Cruz, Oceanside, San Jose and Dixon want to capture that growth. 
"Our members are here to connect with companies that are investing in California
and working to foster biotech clusters in their communities" stated Mike Ammann
President of TeamCalifornia and the Solano County EDC.

                                     

The California Pavilion photos you see here is the culmination of a year long effort
to welcome industrial, agricultural and pharmaceutical companies from throughout
the United States, as well as site locators, corporate real estate executives and
scientists.  "Biotechnology and related fields have something to offer every regional
area in California and each of our regions should be looking intently at how to become
involved in this leading growth industry", stated Ammann.  TeamCalifornia was one
of the four organizers of this Pavilion in cooperation with the State of California Labor
Agency, BIOCOM and BayBIO.


       



From:
Mary Ingersoll
Executive Director
TeamCalifornia


The California Healthcare Institute released updated information on California’s Biotech Industry.

The Biotech industry is growing with business and research generating $73 billion in revenue in 2006,
up nearly 20 percent from 2005. The state has an educated 2700 firms employing 270,000 workers
with an average salary of $71,300.

Including medical devices and diagnostics  firms, the state’s biotech company acquired 40 percent
of the 7.4 billion in biotech venture capital about three times as much as Massachusetts, the state’s
nearest competitor.

Additionally, the National Institute of Health awarded $3.3 billion in grants to researchers statewide,
significantly more than any other state.

Source:
California Business Minute, March 04, 2008