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Solano Life Sciences May 13, 09 Major Employers Group
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Solano Life Sciences May 13, 09 Major Employers Group

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  • 1. Solano County’s Life Science Cluster Presentation to Vacaville Chamber of Commerce Major Employers Group May 13, 2009 Prepared by Collaborative Economics © 2008 Collaborative Economics
  • 2. LIFE SCIENCES CLUSTER FINDINGS  Science Innovation is taking place in Solano  Life Science has grown fast & continues to grow faster than the Bay Area  Earnings in Life Science are growing & higher than other employers due to high skills & education requirements  Residents make up bulk of jobs holders in Life Sciences Solano companies  Science education & training options are developing but need focus & emphasis © 2008 Collaborative Economics
  • 3. SAN FRANCISCO BAY AREA IS GLOBAL LEADER IN BIOTECHNOLOGY PATENTS © 2008 Collaborative Economics
  • 4. BAY AREA PERSPECTIVE  The Bay Area is a knowledge economy, yet investment in education is significantly lagging the nation  Mobility is key for our economy and a recession is the perfect opportunity to make infrastructure investments  The cost of doing business and the anti-business climate in the Bay Area are causing many businesses to reconsider investing here  The Bay Area is too fragmented, and better regional coordination could be a significant differentiator  Clean technology (IS) could be the next big wave of innovation www.bayareaeconomy.org © 2008 Collaborative Economics
  • 5. Demand For Knowledge Workers  A California Council on Science and Technology report, produced in 2002, called for statewide school reform based on changing labor market conditions.  According to the report, high-tech is the second largest economic sector in the state and currently has a shortfall of 14,000 workers with bachelor’s degrees in science and engineering.  California schools do not produce enough science and education graduates to meet industry’s growing demand, and to do so they would need to generate 70 percent more graduates at the bachelor’s degree level. © 2008 Collaborative Economics
  • 6. LIFE SCIENCE IS GROWING © 2008 Collaborative Economics
  • 7. LIFE SCIENCES IN SOLANO COUNTY IS GROWING RAPIDLY © 2008 Collaborative Economics
  • 8. VACAVILLE LIFE SCIENCE CLUSTER  ALZA Corp.  DesigneRx Pharmaceuticals  Genentech/Roche  Novartis  Predictive Diagnostics  Synder Filtration © 2008 Collaborative Economics
  • 9. INNOVATION IN SOLANO SOLANO’S INNOVATION ASSETS INCLUDE:  Three research universities in close proximity: U.C. Davis, U.C. Berkeley and Touro University  Rising number of NIH grants: 6 grants 1995-2001 13 grants 2002-2008 U.C. Davis ranks 12th in nation among public universities for total research funding. © 2008 Collaborative Economics
  • 10. EARNINGS ARE GROWING FASTER IN SOLANO THAN OTHER PLACES © 2008 Collaborative Economics
  • 11. …AND FASTER THAN IN OTHER INDUSTRIES © 2008 Collaborative Economics
  • 12. RESIDENTS FILL BULK OF JOBS 78% of Life Science Jobs are filled by Solano County residents. © 2008 Collaborative Economics
  • 13. …AND AT BOTH ENDS OF THE SKILLS SPECTRUM 87% of employment is in manufacturing © 2008 Collaborative Economics
  • 14. TRAINING OPTIONS ARE DEVELOPING No academic discipline is more important to the continued success of the Life Science industry than science education. Training Programs in Solano:  Biotech Academy  Solano Community College  University of California at Davis  University of California at Berkeley  Touro University © 2008 Collaborative Economics
  • 15. SUPPORTING SCIENCE CLUSTERS WHAT HAVE THE COMMUNITIES DONE:  Creation of SolanoSTEM Foundation for support & development of training opportunities (i.e. biotech academy, other science and math programs for K-16)  Continue to improve & provide R&D and manufacturing infrastructure (water/sewer supply)  Continue to improve business relationships with research universities to spur business start-ups, transfer of innovation & attraction of science companies.  Continue to improve federal, state and local tax & business climate policies to support the continued growth science companies © 2008 Collaborative Economics
  • 16. YOUR COMMENTS & IDEAS PLEASE  What can Solano County communities do to further support the continued growth of Life Science & technology companies in the county? © 2008 Collaborative Economics