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REAL RESULTS.

THE ECONOMIC IMPACT OF BIOTECHNOLOGY
BioTechnology Collage 2A cluster of states in the Midwest (Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio and Wisconsin) have proven to be leaders in biotechnology research, development and academic activities, boasting more than 377,900 employees in more than 16,800 establishments across the nine states. And Illinois is at the core, leading the way with the number of people employed in this field, corporate profitability, employee wages and overall growth. Illinois has the largest number of bioscience companies among the nine-state cluster. Company revenue for Illinois biotechnology companies has increased from $48.3 billion in fiscal year 2001 to $77.7 billion in FY 2006 and then to $151.3 billion in 2011, directly and indirectly impacting the regional and global economy. This growth effects employees' salaries in this field, which in turn can affect their spending power to boost other businesses, resulting in a higher contribution to the state's tax dollars. Just as the state of Illinois is committed to fueling the growth of biotechnology, Triton College is committed to educating and training our students to pursue a career in this booming market with its new Biotechnology Laboratory Technician associate degree.

SOURCE
"The Economic Engine of Biotechnology in Illinois," Illinois Biotechnology Industry Organization, 2013. http://www.ibio.org/?page=ilecomoncireport