The Bioscience Economy: Propelling Life-Saving Treatments, Supporting State & Local Communities

TEConomy/BIO
January 2021

2020 has seen the rapid progression of the COVID-19 global pandemic caused by the spread of the novel coronavirus SARS-CoV-2.1. While this global health emergency is alarming and tragic, a strong public health response, combined with smart science and innovative solutions, will enable us to win the fight. As this biennial report on our nation’s bioscience industry has documented, two key characteristics of the industry set it apart and make it vital in meeting the challenges of the pandemic:

• The innovative capacity of the bioscience industry to address global challenges from human health to food production and security, to clean energy, and sustainability; and
• The bioscience industry’s role as a consistent economic stalwart, with a track record of generating high-quality jobs and near continuous growth that has acted as a key buffer during prior economic recessions.

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