OREGON’S LIFE SCIENCE AND The region has a demonstrated ... · 3 PDX INTERNATIONAL AIRPORT BNSF...
Transcript of OREGON’S LIFE SCIENCE AND The region has a demonstrated ... · 3 PDX INTERNATIONAL AIRPORT BNSF...
Bioscience Industry 1
Think it. Make it. Ship it.
OREGON’S LIFE SCIENCE AND BIOTECHNOLOGY INDUSTRY
The Greater Portland region is widely recognized for its
computer and electronics industry that helps drive our
medical device sector. Bolstering this strength within the
bioscience industry is our comprehensive and resolute
commitment to R&D in the biotherapeutics sector.
Combine these assets with regional qualities that attract
educated talent and foster a collaborative spirit and you
have a region poised for true innovation.
The region has a demonstrated strength in the bioscience
industry with more than 13,556 people employed at 802
establishments. In addition, our employment growth rate
of 30 percent in ten years from 2001 to 2011, outpaces
Texas, Massachusetts and California (the US economy
retracted by 2.9 percent in the same time frame).
BIOSCIENCE INDUSTRY
A hub for private sector innovation
supported by institutional research and
development—the Greater Portland
bioscience industry is poised for
unprecedented growth.
WORKFORCE TALENT
FOUNDATION FOR INNOVATION
LOW COST FOR BUSINESS
Source: BIO/Battelle State Bioscience Industry Development 2012 Report
OREGON BIOSCIENCE EMPLOYMENT GROWTH: 2001-2011
20112001
OR: 30.6%
TX: 18.5%MA: 15.1%CA: 13.0%
US: 6.4%
US Emp: -2.9%
WASHINGTON
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1 PORT OF VANCOUVER
2 PORT OF PORTLAND
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BNSF RAILROAD
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LEGEND
Bioscience Industry 2
Uniquely positioned within the Pacific Northwest, the
Greater Portland region encompasses two states, seven
counties and 25 municipalities. What that means for your
business is simple: options. Already home to globally
competitive companies like Intel, FEI, and Biotronik – and
with a gross regional product of $124 billion - Greater
Portland offers a variety of sites, cultures and assets to
meet your business needs.
WORKFORCE TALENT
Portland regional employment is highly concentrated in
STEM fields (science, technology, engineering and math),
accounting for 7.2% of metropolitan regional jobs versus
5.8% nationwide. This aligns with the industry, and will
continue to develop along with the growing bioscience
opportunities. In addition, within the bioscience industry
specifically, the region offers the necessary expertise
at competitive wages, along with the bio workforce
development and training partnerships to help companies
scale up for growth.
TALENT ATTRACTION
In looking to expand a company, the ability to attract
talent is critical. Greater Portland is a magnet for
young, diverse, well-educated workers. In 2014, more
than 8,570 net new residents over the age of 25 with a
bachelor’s degree or higher moved to the region, one
of the highest mobility rates in the nation.
RELEVANT INDUSTRY TRAINING
In cooperation with Business Oregon, the Oregon
Bioscience Association has created a unique,
customized program to help develop the next
generation of highly skilled technical and managerial
talent for the state’s bioscience industry. Designed
in cooperation with some of the largest bioscience
employers in Oregon, the program recruits
cohorts of students to receive its medical device
professional development certificates in Medical
Device Foundations and Quality Assurance. This
pioneering workforce training approach educates
mid-level professionals who have the education and
professional background but not bio-industry-specific
training such as FDA and regulatory compliance, Lean
Manufacturing, quality control, design controls, ISO
50,000
70,000
30,000
10,000
40,000
60,000
20,000
0
Salt
Lake
City
Port
land
Denve
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San
Diego
Ralei
gh
Total Employment Average Annual Wage
BIOSCIENCE EMPLOYMENT AND WAGES FROM COMPARATIVE US METROS
Source: Bureau of Labor Statistics, May 2013
WITH CLOSE TO 3,300 EMPLOYEES, GREATER
PORTLAND IS ONE OF THE TOP 25 REGIONS IN THE
NATION FOR EMPLOYMENT LEVELS WITHIN THE
MEDICAL DEVICE SECTOR.
– BATTELLE ANALYSIS OF BLS QCEW DATA, 2014
OREGON HEALTH & SCIENCE UNIVERSITY (OHSU)
• 1,000 research projects ongoing
• 1,100 scientists, healthcare professionals and staff
• $1.5 billion in R&D funding
Bioscience Industry 3
Agricultural
Bio-agriculture
Neutroceuticals Diana Plant Sciences
Medical foods Medolac
Biofuels
Fuel using biomass to make cellulosic ethanol Z-Chem
Drugs and Pharmaceuticals
Research Oregon Translational R&D Institute (OTRADI)
Manufacturing/Packaging Genentech
Incubator OTRADI’s OBI (OTRADI’s Bioscience Incubator)
Basic research AronaraUbiVac
Drug development Paragon Bioteck Inc.13 TherapeuticsGalena Biopharma
Medical Devices
Implantables (pacemakers, orthopedic surgical products) BiotronikAcumed
Patient monitors Welch Allyn
Biosensors TE Connectivity
Equipment ShellLabs
Wound care RevMedxSAM Medical
Research and Testing
Components Precision Wire Components
Diagnostics MolecularMDSedia Bio
Labs - Wet Labs Knight Cardiovascular Institute/OHSUKnight Cancer Institute/OHSUPortland State Business AcceleratorOTRADI’s OBI
Animal research OHSU Primate CenterYecuris
Production/Biomanufacturing AbSci
Data/Analytics Tier 7 Consulting
FOUNDATION FOR INNOVATION
The historic $1 billion Knight Cancer Challenge, a
national fund-raising campaign spearheaded by Nike
co-founder, Phil Knight, to raise funds to cure cancer, will
drive innovation and investment for several bioscience
companies that are growing this emerging industry in the
region. As the largest philanthropic effort of its kind, this
ambitious fund-raising initiative has generated international
attention for OHSU’s Knight Cancer Institute.
Bioscience Industry 4
BIOSCIENCE COLLABORATORS
Several key institutes now support the foundation for
innovation, including the following bioscience collaborators:
Oregon Health & Science University (OHSU), Oregon State University (OSU), and Portland State University (PSU) at the Collaborative Life Sciences Building (CLSB)
In close collaboration with OHSU/OSU/PSU, the
Collaborative Life Sciences Building in Portland’s South
Waterfront combines world-class labs, classrooms, lecture
halls, offices and specialized research and simulation
rooms. Researchers from various institutions come
together to solve the bioscience challenges of today,
and tomorrow. This 500,000-square-foot facility lays the
foundation for development of Oregon’s future scientists
through OSU, OHSU, and PSU academic programs and
serves as the catalyst for collaboration. This facility will be
facility will be located next to the future Knight Institute,
where more than 500 research scientists and healthcare
professionals will focus on research, advanced diagnostic
testing, ground breaking biorepositories and clinical
expertise.
Oregon Translational Research and Development Institute (OTRADI) and OTRADI Bioscience Incubator (OBI)
OTRADI, a nonprofit bioresearch institute co-funded by
the State of Oregon, works with universities in the state
to rapidly develop and commercialize new products and
spur startup company formation and growth. In June 2013,
OTRADI built out and opened the state’s first and only
bioscience-focused incubator. The OTRADI Bioscience
Incubator (OBI) provides bio startup companies with
shared scientific equipment, wet lab space, collaboration
areas, specialized lab facilities and the focused mentoring
and expertise needed to take research from the lab to the
market.
Due to high demand, the OBI recently expanded from
13,000 square feet housing six bio-startups to 17,000
square feet housing ten bio-startups. This resounding
success and ever-growing demand signals that the Greater
Portland region is poised for bioscience innovation.
Three of the 10 companies in OBI are from outside the
Portland region, and at least two of the 10 companies are
ready to move beyond the OBI Incubator into a larger and
more permanent location.
Portland State University Business Accelerator
The PSU Business Accelerator is home to more than 30
startup companies in technology, bioscience and clean
tech, including companies founded by PSU and OHSU
faculty and students. Approximately one-third of Business
Accelerator companies are in the life sciences. The PSU
Business Accelerator offers turnkey space and services to
promising high-growth companies. Resident companies
gain access to mentors, connections and a range of
structured and informal sessions such as CEO Council,
pitch-fests, brown bag topics and social networking.
They also gain access to PSU student teams and interns
working on business or engineering projects, who serve
as a talent pipeline in a competitive hiring market. The
Accelerator is located between PSU and OHSU and is
a short walk from the new Collaborative Life Sciences
Building.
LOW COST OF BUSINESS
Greater Portland is considered a regional bargain. If you
desire a West Coast location, the Portland region is a
wonderful, reasonably priced gateway to some of the
most significant global cities in the world.
COST OF LIVING
The cost of living for Greater Portland residents - lower
than Los Angeles, San Francisco, or Seattle - is a well kept
secret. Similarly, average salaries in the Greater Portland
region tend to be lower than in other West Coast metros.
The continued growth in our region’s talented workforce
suggests that skilled workers understand that their wages
go further here. The low cost of doing business is also a
highly valued benefit to employers.
GreaterPortland
San Francisco
Seattle
LosAngeles
$56,978
$74,992
$65,667
$57,27129
29
30
25
$30.96
$29.97
$56.62
$21.59
$0.61
$0.54
$1.62
$0.38
$428,500
$293,700
$557,700
$249,300
Average Commute
In minutes Price per square foot
Price persq. ft./month
Median Home Value
Class A O�ce
Industrial Median Household
IncomeIn minutes Price/sq ftPrice/sq ft
/month
Bioscience Industry 5
MODERATE TAXES
The Greater Portland region includes two states — Oregon
and Washington. This means businesses here have the
advantage of considering two distinct tax codes to
determine which state is the best fit. Whichever they end
up choosing, businesses will find that both states have
designed their tax codes to attract and retain companies.
As indicated below, both Oregon and Washington rank
in the top quarter of the nation for business-friendly tax
structure.
GLOBAL ACCESS
Well positioned at a crossroads of ocean-bound and river
shipping lanes, interstate highways, and national rail lines,
including Union Pacific and Burlington Northern Santa Fe,
Greater Portland is a global hub for export opportunities.
With five cargo carriers serving the Asia market, the Port
of Portland offers easy and direct access to overseas
shipping and receiving services.
Air service is easily accessible, with the Portland
International Airport (PDX) less than nine miles from
downtown Portland, linked directly to the city via light
rail. There are 249 non-stop daily departures, including
direct flights to New York; San Francisco; Vancouver,
BC; and Washington, DC. Daily international flights
run to Tokyo and Amsterdam. More than 15.9 million
passengers passed through PDX’s gates in 2014. Global
access through a frequently visited airport allows you to
save time and money with direct flights at lower costs.
VOICES FROM THE INDUSTRY
Bioscience firms are growing in greater Portland for several reasons, as shown the company profiles below.
BACKGROUND: Founded in 1976. Launched operations in Oregon in 2010.
EMPLOYEES IN OREGON: 400
LARRY SANDERS, VP AND GM, HILLSBORO TECHNICAL OPERATIONS:
On a skilled workforce: ”Our continued investment in the area represents the commitment we have to the Hillsboro community and Oregon, which has provided a highly skilled workforce and great business environment for our company’s growth.”
2016 STATE BUSINESS TAX CLIMATE
Source: Tax Foundation: State Business Tax Climate Index, Published November 17, 2015
VA#30
NC #15
SC#36
GA#39
FL#4
AL#29
MS#20
TN#16
KY #28
OH#42IN
#8IL
#23
MO#17
AR#38
LA #37
IA#40
MN#47
WI#43 MI
#13PA#32
NY#49
ME#34
TX#10
OK#33
KS#22
NE#27
SD#2
ND#26
MT#6
WY#1
CO#18
NM#35
AZ#24
UT#9
NV#5
ID#19
OR#11
WA#12
CA#48
AK#3
WV#21
15 Best Business Tax Climates 15 Worst Business Tax Climates
MA #25
NH#7
VT#46
HI #31
RI#45
CT#44
NJ#50DE
#14MD#41DC
(Not Ranked)
Tokyo
Amsterdam
New York
Washington D.C.LA
Chicago
Guadalajara
PDX
Reykjavik
FrankfurtVancouver BC
San Francisco
Direct to Asian markets via flights and shipping lanes
BACKGROUND: Founded in 1917
EMPLOYEES: 2,202 in Oregon (approximately 5,000 nationwide)
SUBSIDIARIES/DIVISIONS: 6 Regional Health plan; several innovative health startups including HealthSparq, Lifemap, OmedaRx, SpendWell, Wellero, and Direct Health Solutions with divisions Enigma Health and hubbub.
MARK GANZ, PRESIDENT AND CEO:
On Talent: ”Helping people in our community live healthier lives is what we’re about, aligning well with the lifestyle and ethos of Portland and Oregon. We’ve brought on talent from many different industries, including a chief marketing officer from ESPN and a chief data officer from IBM. These are just two examples of people attracted to us because of our innovation, our cause and our base in the Portland community. The well-matched ideals of our company and this city continue to bring us smart, forward thinking individuals passionate about transforming the health care system.”
On Startups: ”We are driven to transform health care to be more person-focused and economically sustainable. With this lens we’ve incubated and invested in numerous consumer-focused Portland-based startups such as HealthSparq, Wellero and CoPatient. We believe the future of health care relies on progressive, innovative ideas that will change the way people experience health care, and these companies are helping us foster those ideas and lead the charge towards a health care transformation business climate with support from trade organizations, such as the Oregon Bioscience Association; the innovation mindset in the region; and readily available access of other senior leaders who proactively are willing to help.”
On Why Portland is a Great Place for Health Care Innovation: ”Our forefathers started the country’s first health plan almost 100 years ago in Pacific Northwest logging camps where workers came together to pool their funds in case of injury or illness. This innovative idea, and many ground breaking companies, illustrate the pioneering spirit of the region and attract entrepreneurs to launch and build new companies. The pioneering spirit is inspiring a level of innovation in the health care industry as well, advancing the transformation toward a sustainable, consumer focused healthcare economy.”
BACKGROUND: BIOTRONIK was founded in 1962 and MSEI was founded in 1979. The Oregon campus was opened in 1979.
EMPLOYEES IN OREGON: 428
JUERGEN LINDNER, GENERAL MANAGER:
On Greater Portland as an Emerging Bioscience Hub: “Still today, Micro Systems Engineering is the primary location for one of the leading companies for implantable medical electronics and continues to leverage the technology and talent infrastructure of Oregon, including its proximity to other key technology hubs on the West Coast. The organization has grown to several hundred employees with over 80% in R&D, design, engineering, and technology. The highly efficient and automated manufacturing operation is not only able to support the rapid growth of BIOTRONIK but also supports other companies in the medical device industry by offering design and manufacturing services.”
On the Local Workforce: “Oregon continues to be an attractive location for talent not only for the entire US, but also for transfers from international locations, which is critical to enhance the collaboration in a global organization. Oregon’s strength in collaboration with other biotech companies, colleges, and universities has created a great network for research, development, and ongoing training. We feel that the Greater Portland area is on track to successfully compete with other leading Biotech centers of excellence such as those in Switzerland or Germany.”
Matt Miller, VP of Business Development [email protected] 503.445.8065 x109 www.greaterportlandinc.com
JOIN US
In Greater Portland, innovation is driving business. With
a lifestyle that draws a young, talented, creative and
well-educated workforce, businesses are seizing on
this opportunity and relocating or expanding here in
record numbers. Be one of them. Don’t miss the chance
to become part of a region that is pioneering new
approaches to industry. Join us.
Denise McCarty, Executive Director [email protected] 503.548.4432 www.oregonbio.org