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Majority of N.C. Life Science Companies Located in Wake County and Research Triangle Region


Majority of N.C.’s Biotechnology Cluster Concentrated in Triangle Region, with 57,000 Employed at Average Wage Near $75,000 Annually

Raleigh, NC, February 24, 2011 --(PR.com)-- The Greater Raleigh Chamber of Commerce has announced that the majority of the more than 500 life science companies in North Carolina can be found in Wake County and the Research Triangle region. North Carolina ranks third in the U.S. in the biotechnology cluster, and this region employs more than 57,000 people at an average wage of $75,000 annually, making the region and industry a major contributor to the state’s economic engine.

The Wake County Economic Development program of the Greater Raleigh Chamber of Commerce has emphasized biotech as one of its primary target industries for economic development in the city and county over the last decade. These efforts have asserted the area as a hub for biotech companies. Novartis recently announced a $36 million expansion at its vaccine production facility in Holly Springs, adding 100 jobs and new facilities.

Details:
- Wake County offers businesses in life sciences the advantages of a skilled workforce, sophisticated venture capitalists, professional support services, and access to dozens of area biotech firms, pharmaceutical companies and contract research organizations.

- Life sciences firms in Wake County range from startups to industry giants. The Triangle is home to a concentration of the world's largest clinical research organizations, agricultural biotech firms and vaccine manufacturers. PRA International and INC Research are among those with global headquarters in Wake County.

- NC State University in Raleigh is home to the Golden LEAF Biomanufacturing Training and Education Center (BTEC), a unique, $35 million cross-disciplinary instructional center that provides educational and training opportunities to develop skilled professionals for the biomanufacturing industry.

- With 350 companies employing more than 36,000 people, drug research, development and manufacturing accounts for two-thirds of the state’s life sciences industry.

About The Greater Raleigh Chamber of Commerce:
The Greater Raleigh Chamber of Commerce is the largest membership organization in Wake County, consisting of over 2,500 members, and represents over 66 percent of private sector employment in the triangle. The Chamber of Commerce promotes community education, sports, entertainment, and history programs, as well as business and company networking opportunities. For more information, visit http://www.raleighchamber.org.

Kate Catlin
MMI Public Relations
(919) 233-6600
kate@mmipublicrelations.com
http://twitter.com/MMIPR
http://www.mmipublicrelations.com

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Contact Information
Chamber Communications Committee
Patty Briguglio
919-233-6600
Contact

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