NCBIO, a Durham, North Carolina-based trade group, presented the figures to state legislators at a briefing for North Carolina lawmakers. The group conducts the survey of investments each year to coincide with the annual briefing.
he report covering the 12 months ending April 25 includes equity investments, licensing payments, grants and investments for buildings and equipment. NCBIO compiles the report by tracking news stories of funding and investments. The $1.1 billion figure represents a 25 percent increase over the $924.5 million of similar announcements in the 12-month period ending April 25, 2010.
In a letter to lawmakers, NCBIO President Sam Taylor said that the figures reaffirm the economic impact of North Carolina’s life science cluster. The North Carolina Biotechnology Center estimates that life sciences generate $64.6 billion in economic activity annually and supports more than 226,000 jobs.
To read the full, original article click on this link: Biosciences brought N.C. more than $1.1B in the last year, report says
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