Reports show LA bioscience sector continues to grow

Recent reporting by Howard Fine of Los Angeles Business Journal find that Los Angeles’ bioscience sector continues to grow and thrive. According to Fine’s report, “L.A.’s bioscience sector generated $44 billion in economic activity and nearly 196,000 jobs last year, increases of 4% and 2.5%, respectively, over 2018, according to an annual report released last month by an industry advocacy group.”

The report goes on to explain how National Institutes of Health, a key source of research funding, is up 10% from $4.2billion in 2019, indicating the promise in the research generated by researchers in the County. This level of NIH funding puts L.A. County on top in NIH funding dollars for all California counties, including long-established biotech clusters in the Bay Area and San Diego.

Read more details and explore the graphics from the report here.