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Benefits of Biotech in NC
North Carolina is an attractive terrain for biotechnology firms—from 2001 to 2010, the state experienced the highest job growth rate (23.5%) of any of the top biotechnology states in the country. Since 2001, the popularity of NC as a biotech destination has resulted in the creation of more than 12,000 jobs in pharmaceuticals, research, testing and medical labs, agricultural feedstock and chemical industries. All have shown robust growth. Related image
Students in NC have more opportunities to enter the field of biotechnology after graduation than in most states thanks to two very important research centers. The North Carolina Research Center located in Kannapolis and Research Triangle Park near Raleigh, are very important to the NC economy. Both of these facilities bring in tax revenue to our state and offer job opportunities in many science-based fields of study. Image result for research triangle
More than 250 companies and 50,000 people with expertise in fields such as micro-electronics, telecommunications, biotechnology, chemicals, pharmaceuticals, and environmental sciences are located here in NC. Industries invest more than $300 million in Research & Development at the region’s universities each year – double the average R&D investment for innovation clusters elsewhere in the nation. Because of these centers, NC is a leader in biotechnology advances in agriculture, energy and medicine. Our state is home to some of the leading physicians, research scientists, biotechnologists, and agricultural scientists in the US.
Some of the key factors that make North Carolina attractive for the biotechnology industry include:
the presence of the pioneering North Carolina Biotechnology Center and Research Triangle Park have lead to financial incentives the state government has provided to companies such as Merck and Quintiles; and the educational programs developed at both the community college and university level to help firms fill openings with qualified local employees with knowledge and training in biotechnology.
Tax revenues increase because of the large number of developing careers in the field of biotechnology in North Carolina.
Biotechnology affects us in every area of our lives, our food, water, medicine and shelter, improving quality of life. When it comes to Biotechnology, nothing could be finer than to live in North Carolina!

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Explanation:

North Carolina’s biotech industry is quickly expanding.

Within the state, there are more than 600 life science companies employing 61,000 people at an average salary exceeding $81,000 a year – which is nearly twice the state’s overall private sector wage, according to the North Carolina Biotechnology Center.

In total, life science companies and institutions in North Carolina generate $73 billion in economic activity, which is an increase of 23 percent in two years, and account for 228,259 direct and indirect jobs, says North Carolina Biotechnology Center.

Furthermore, while employment in the nation’s life science industry rose by 7.4 percent from 2001 to 2012, North Carolina’s grew at a surprising 31 percent, even with setbacks from the Great Recession of 2008.

Following closely behind California, North Carolina outpaced life science industry growth in other states, including Texas, New York, Massachusetts and Florida, between 2009-2012, according to the U.S. Bureau of Labor Statistics. In the chart below, North Carolina's life science industry grew 5.2% from 2009 to 2012. While California's life sciences industry increased even more at 5.5% during the same time period, other states such as Pennsylvania and New Jersey actually saw their life sciences sectors shrink by 7% and 7.3%, respectively.

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