Garrett County Total NonAgricultural Employment First Quarter 1996 through First Quarter 2003

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Maryland The Nations Bioscience Leader
On Behalf of Office of the Comptroller By Sage
Policy Group, Inc. December 2007
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A. Introduction

• Sage Policy Group, Inc. conducted this analysis
  of Marylands bioscience sector in order to
  determine just how large and important this
  industry is today. The report also highlights
  some of the sectors major contributions,
  companies and institutional drivers
• Other life sciences reports typically adopt a
  narrower focus. For instance, the well-known and
  heavily quoted Ernst Youngs Global
  Biotechnology Report measures the size of a
  particular states biotech sector according to
  the number of significantly-sized companies
  operating in the industry
• By contrast, this report adopts a broader
  approach to quantifying the size and import of
  the local bioscience industry by measuring the
  economic and fiscal impacts of both private and
  institutional life science entities. Maryland,
  of course, is especially advantaged in terms of
  the presence of large institutional players,
  including NIH, Johns Hopkins, FDA, the University
  of Maryland, Fort Detrick among many others.

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Bioscience Already a Large Industry in
Maryland with Vast Potential

• More than 370 bioscience companies operate in
  Maryland
• Approximately 30,000 private-sector bioscience
  jobs are supported by these companies
• Another 30,000 jobs are supported in related
  federal and academic institutions
• Over 450 million in state long-term investment
  in bioscience infrastructure has been made
• Maryland ranks second globally in terms of its
  aggressive appeal to attract and retain
  bioscience companies
• Maryland ranks second in the U.S. for
  biopharmaceutical innovation and
• Maryland is cited as one of the nations top
  three centers for biodefense.

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Growth in Maryland Bioscience Companies
Source MdBio
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Growth in Maryland Private Bioscience Employment
Source MdBio Office of the Governor
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Publicly Traded Bioscience Firms Headquartered in
Maryland
Source MdBio
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Highest Level of Educational Attainment of
Maryland Bioscience Workers
Source MdBio
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B. Bioscience Revenue and Impacts Methodology

• Estimating impacts begins with an understanding
  of the expenditures made by entities within
  Marylands bioscience sector. Thankfully, a
  considerable amount of data exists regarding the
  biotech industry in the United States as a whole
  and on biotechnology research and development
  activities in Maryland. NIHs and Fort Detricks
  RD budget revenues were used to estimated
  revenue per job for both entities (466,667 for
  NIH and 214,156 for Fort Detrick)
• Select data regarding private sector revenue and
  research budgets from the U.S. Census Bureau were
  analyzed to estimate revenue per job for the
  private sector (215,201)
• Using the information above, an estimate of the
  spending in Maryland per job was developed for
  the three components of Marylands bioscience
  sector as Sage has defined it (private business,
  NIH, other research institutions) and
• It takes 261,000 in revenues to support one life
  science job. This translates 15.7 billion in
  total bioscience RD spending in Maryland.

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Estimated Economic Impacts of Marylands
Bioscience Sector
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Estimated Fiscal Impacts of Marylands Bioscience
Sector
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Conclusion

• No state boasts Marylands institutional
  bioscience mass
• Maryland is certainly among the top 3 bioscience
  centers in the nation, and may be number 1 and
• Maryland could widen its lead through various
  initiatives, including by allocating a higher
  percentage of State pension fund dollars toward
  investment in technology industries, dramatically
  increasing funding (e.g., by 70) for its seed
  funding programs TEDCO, DBEDs Maryland Venture
  Fund and UMCPs MIPS program, and expanding tax
  credit programs and other tax incentives.