The 2023 California Life Sciences Sector Report shows the latest industry trends, including economic impact, diversity, equity, and inclusion, and the effects of the Inflation Reduction Act. New data shows California’s life sciences sector produced $472 billion, supported more than a million jobs, and increased its lead as a center for the nation’s research activities.
Key findings:
- The number of life sciences establishments in California grew 6% since 2020.
- In 2022, California was the top state in funding awarded by the National Institutes of Health and National Science Foundation, receiving $5.5 billion and $97.3 million, respectively.
- California’s life sciences sector directly employed 335,231 people in 2021, and indirectly supported 1,105,525 jobs.
