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Article: NJ Biotechnology Industry Study Sees Strong Job Growth.
- Article from:
- Business Wire
- Article date:
- June 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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From 2003 to 2006 Number of Employees Increased 28 Percent to more than 10,000
TRENTON, N.J. -- A growing base of well-paid jobs, rising spending on goods and services and swelling tax revenues are strong signs that New Jersey's expanding biotechnology industry has made significant and increasing contributions to the State's economy. Between 2003 and 2006, the number of employees working directly for biotechnology companies in the State increased 28 percent to more than 10,000 from 7,800. The multiplier effect from this robust growth has also led to the creation of 9,300 jobs supporting the industry and another 7,600 jobs attributed to higher worker spending. The ...