California's Biotech Industry Plans $5.3 Billion in Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--California has one of the largest biotechnology clusters in the world. According to a report from the California Life Sciences Association (CLSA), this sector employed roughly 324,000 people and generated $6.4 billion in direct state and local taxes in 2020, with 1,350 new medicines in clinical trials, including COVID-19 therapies and vaccines.

California is the second largest U.S. state for active biotechnology projects after Massachusetts. Companies such as Alexandria Real Estate Equities Incorporated, Healthpeak Properties Incorporated and Kirby Realty Corporation provide much of the construction activity in the sector. Industrial Info is tracking more than 100 biotechnology projects in California, with a total investment value of $5.3 billion.

Subscribers to Industrial Info's Pharmaceutical & Biotech Project Database can click here for a list of related active projects in California. Click on the image at right for a heat map from Industrial Info's PEC Web Geolocator tool.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.