Friday, July 18, 2014

JLL Releases Global Life Sciences Cluster Report

Jones Lang LaSalle has released its 2014 Global Life Sciences Cluster Report, an annual report on key regions and trends in the Life Sciences industry. According to the report, U.S. cities continue to lead the world in biopharmaceutical resources and enterprises, with access to talent and research that is keeping cities like Boston, San Francisco and San Diego at the top of the U.S. life sciences clusters list. The report analyses top U.S. life sciences clusters, ranks the cities for their prominence in the industry and also offers an analysis of global trends in 17 countries.

"The right-sizing and reshuffling of the global biopharmaceutical companies has left its mark on key U.S. cities," said Roger Humphrey, Executive Managing Director of JLL's Life Sciences group. "The strongest U.S. clusters have retained their competitive advantages, and continue to thrive as top centers of talent and innovation."

The Greater Boston Area once again tops the U.S cluster scorecard, according to a press release. Although San Diego and the San Francisco Bay Area reported higher year-over-year employment growth, Boston's "ability to attract venture capital and U.S. National Institutes of Health funding secures its position as the top life sciences cluster in the world." All three cities are expected to lead the United States' life sciences industry in the coming years because of the critical mass of start-ups and mid-tier companies, leading research institutions, access to private and public funding, and local leaders focused on growing their life sciences industries. With three of the country's top 10 clusters, California is the top U.S. state for life sciences innovation.

"Los Angeles and Orange Counties' continued prominence as a global life sciences cluster underscores the immense talent and resources that are located within southern California and the County of San Bernardino," said Kelly Reenders, Economic Development Agency Administrator for San Bernardino County, part of the Los Angeles/Orange County life sciences cluster that ranked number six on JLL's list. "Our region has long provided leading centers of research such as the Loma Linda University Medical Center and Children's Hospital, and infrastructure such as manufacturing facilities and an educated workforce that support the life sciences."

For more news and information visit Blumberg Capital Partners.

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