Two recent reports are essential reading for the life sciences community.
Efforts to invest in life sciences research and keep top talent here are paying dividends when it comes to saving lives and growing our economy, but Ohio can be doing even more.
Check out BIO International’s new report, The U.S. Biosciences Industry in the States: Best Practices in Innovation, Partnerships, and Job Creation to see where we have some gaps and also take a look at the 2023 Life Sciences Workforce Trends Report, which our members helped inform.
About the Reports
The U.S. Biosciences Industry in the States: Best Practices in Innovation, Partnerships, and Job Creation
Biotechnology Innovation Organization (BIO), in partnership with the Council of State Bioscience Associations (CSBA), released a new report on the best practices in state bioscience economic development measures. The report, now in its seventh edition, analyzes the latest legislative and regulatory economic development initiatives at the state and regional level that help support the bioscience sector. The report reviews public policy initiatives in all 50 states and spotlights noteworthy programs that enhance the future of the bioscience industry. In addition to several specific state policy examples, the report identified four national trends that helped retain and grow the bioscience sector at the state level in 2023.
2023 Life Sciences Workforce Trends Report
The Coalition of State Bioscience Institutes (CSBI) released the 2023 CSBI-TEconomy National Workforce Trends June 2023 at the BIO International Convention in Boston, MA. The report provides a national snapshot of the current and anticipated talent needs of the nation’s dynamic life science industry. Ohio, and many OLS member investors, were among the 18 CSBI/A states and Puerto Rico who contributed to this year’s report, which includes data from 185 executive interviews and early 700 survey responses – accompanied by almost 2.8M job postings over the last four years – from life science companies. This year’s (6th edition of the) report looks at the implications of technology investments and deployment for talent; the industry’s continued and maturing emphasis on advancing diversity, equity, and inclusion (DEI); the solidifying of remote and hybrid work arrangements; and the need to evolve and deepen industry-academic partnerships as a cornerstone of targeted talent solutions to meet the industry’s outsized demand.