The cycle of Life Sciences in TriangleWhat does the Trump Administration want: - On shoring of drugmaking
Do we have it in North Carolina?- YES!
Fujifilm's North Carolina plant opens amid push to onshore drugmaking Why do drug makers want to build plants in North Carolina?- Because there is a ton of research talent here thanks to Duke, NC State, and UNC!
Why is there a tone of research talent at Duke, NC State, and UNC?- Because all three Universities compete and secure $100's of millions of dollars of research grants - public and private every year! Then that talent works in those labs, graduate, and become workers at these drug making facilities.
But wait, I thought the Universities were stealing money from the Federal Government, how is it possible that $100's of millions of federal grants that these Universities receive turn into Billions in economic impact to the Triangle?Biotech and Pharma has revitalized the Research Triangle Park. We now compete and win regularly with Boston-Cambridge, Mass, San Francisco Bay Area, New Jersey, San Diego, Maryland/DC Metro, and Greater Philadelphia PA.
The Triangle is now BEATING Seattle, Los Angeles, and Chicago in volume.Here's the list of manufacturers currently in the Triangle:1. Merck
2. GlaxoSmithKline
3. Novo Nordisk,
4. Novartis
5. Pfizer
6. Fuji Biotechnologies
7. Eli Lilly
Coming soon 1. Genetech
2. Coriolis
3. Gilead Sciences
4. More facility construction for the 7 listed above and yearly retooling, and renovation of the facilities.
Additionally, over 500 pharmaceutical and biotechnology companies across the state of NC23% industry growth in the last 10 years!All of this is because we have talent here to sell. When the talent starts to disappear, these companies will move back to Mass, NJ, PA, and Indiana for new projects rather than continued reinvestment here in NC
That's 58,000 direct jobs, probably triple that amount in adjacent jobs, millions of dollars in tax revenue generated.
All in all, pretty good investment that has had an extreme benefit to the State of NC. And to think, we're going to piss it all away in this state because we can't see the big picture.
Originator of the Tony Adams Scale