News
12:47 pm
Wed June 20, 2012

Bioscience sector continues to grow

A new report by Columbus-based Battelle and the Biotechnology Industry Organization finds the bioscience sector expanding as the overall job market struggles. 

The study - released at the 2012 BIO International Convention in Boston - found job growth in the bioscience sector was 6.4 percent from 2001 to 2010, while the overall economy saw a 2.9 percent decline in jobs. The study found the sector added 96,000 jobs during the decade.  Most bioscience jobs added were in research, testing and laboratories. The average salary was more than $82,000 in 2010, which is $36,000 more than the average private-sector job.  The study found bioscience is growing while other knowledge-based sectors like information technology and aerospace are lagging.  Officials said the economic and regulatory environment for biotechnology remains challenging.