Story by Hal Goodtree. Image from Wake County Economic Development.
Cary, NC – Wake County Economic Development has released new information about the Life Sciences industry in the Triangle. With more than 500 companies in the area, North Carolina ranks third nationally in Life Sciences behind California and Massachusetts.
An Industry by Sectors
Life Sciences in the Triangle cluster around four industry subgroups:
- Agricultural Biotechnology
- Drug Research, Development and Manufacturing
- Medical Devices and Diagnostics
- Contract Research Organizations
Drug Research is particularly strong in the area. It accounts for two-thirds of the state’s life sciences industry.
All of the major life sciences industries are represented by companies in the Triangle.
Some of the big names include GlaxoSmithKline, Quintiles, BD Technologies, Syngenta, BASF, Bayer CropScience, Monsanto and Novartis.
$4.25 Billion in Payroll
According to the report, 57,000 people work in life sciences in our region, earning an average salary of $75,000.
That’s $4.25 billion in payroll annually for life sciences in the Triangle.
Map: Life Sciences in the Triangle
One of the most interesting elements of the information is a map of life sciences in the Triangle. It’s striking how many companies are clustered in a corridor from Durham down through RTP and into Morrisville and northern Cary.
The map includes an index of nearly 500 companies.
Get more information from these reports by Wake County Economic Development: