1 / 9

The Bioscience Industry in Douglas County

The Bioscience Industry in Douglas County. Joshua L. Rosenbloom David Burress Patricia Oslund. Study Goals. Present an accurate picture of Current state of bioscience industry Historical trends in the bioscience industry Climate for bioscience industry growth

aarnold
Download Presentation

The Bioscience Industry in Douglas County

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Bioscience Industry in Douglas County Joshua L. Rosenbloom David Burress Patricia Oslund

  2. Study Goals • Present an accurate picture of • Current state of bioscience industry • Historical trends in the bioscience industry • Climate for bioscience industry growth • Assess economic impacts of the bioscience industry • Analyze several potential future scenarios for the bioscience industry Policy Research Institute, University of Kansas

  3. Current Status • 2,385 people were employed in bioscience research and manufacturing in 2003 • Total Payroll for these jobs was about $68 million • Indirect (multiplier effects) lead to • 1,300 additional non-bioscience jobs • $38 million in additional wages and salaries Policy Research Institute, University of Kansas

  4. The KU Contribution: Employment • KU accounts for the vast majority of bioscience jobs (2,285) in the county • On average there are 4-5 non-faculty jobs for each faculty job • KU bioscience employment grew 20.5% between Oct. 2000 and Oct. 2003 • KU expects to add 60 new bioscience faculty in the next 5 years Policy Research Institute, University of Kansas

  5. The KU Contribution:Funded Research • Over the past 5 years funded research has accelerated considerably • The number of projects has grown by 50% • Expenditures have increased 221% Policy Research Institute, University of Kansas

  6. Private Sector Core Bioscience Firms • “Core” bioscience industry consists of bioscience R&D and manufacturing firms • There are 8 such firms in Douglas County today • This includes two recent additions • Deciphera • Serologicals • Employment in 2003 was about 100 • We estimate that this will rise to 170 in 2004 Policy Research Institute, University of Kansas

  7. The Future of Private Sector Bioscience in Douglas County • Recent growth is encouraging • But past decade displays instability in employment and number of firms • Instability reflects small numbers • Entry and or exit will likely drive future employment Policy Research Institute, University of Kansas

  8. Strengths High quality workforce Good K-12 Schools Good transportation options Community a plus in recruiting top-level managers & scientists KU faculty and researchers Weaknesses Lack of critical mass of firms Property taxes Relations with KU—intellectual property policy in particular The Climate for Private Sector Bioscience Policy Research Institute, University of Kansas

  9. Conclusions • Cautious Optimism seems justified • KU presence is a big plus for the industry • Basic amenities and work force quality are attractive to industry • The Private sector is dynamic but so far limited in scope • Developing a critical mass of private sector employment will be important • KU-Private sector relationships may need attention Policy Research Institute, University of Kansas

More Related