In 2012, Biotechnology Industry Organization (BIO), in partnership with Battelle Technology, released a report on the development of the bioscience industry at a national and state-by-state level. It is clear from the report that over the past decade, the employment opportunities in the biotechnology industry, both nationally and in Indiana, have been rapidly increasing (Figure: Bioscience and total private sector employment).
From 2001 to 2010, bioscience industry employment grew 6.4 percent in the U.S., whereas employment in the private sector industry and other leading knowledge-based industries such as finance and insurance, aerospace, and information technologies showed decreases ranging from 2.8 percent to 47.3 percent (Figure: Employment trends). Not only did employment opportunities increase during this time period, but the average annual wages of bioscience industry workers have increased 13 percent compared with a 4 percent increase in wages for workers in private sector.
The U.S. Bureau of Labor Statistics projects that employment in bioscience will increase 31 percent from 2010 to 2020 as compared to 14 percent increase projected for all occupations. The growth in the bioscience industry during 2001 to 2010 was widely distributed throughout the nation with 34 states showing growth and Indiana being one of the states with the largest increase (Figure: Bioscience employment change by state)