Updated Feb. 12, 2013 at 5:30 p.m.

Premium Lock Report: Growing NC biotech sector produces 238,000 jobs

Published: 2013-02-12 17:17:00
Updated: 2013-02-12 17:30:08

Tracking NC biotech sector growth Tracking NC biotech sector growth Image 1 of 2 · Next Image…

A report from the Battelle Technology Partnership Practice that concludes that investment in the sciences has created jobs and added to the state's tax base propelling North Carolina into position behind only California and Massachusetts in the size of its life sciences industry....

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Battelle noted in the study that it derived the numbers cited in the headline and article using its well-accepted proprietary IMPLAN model. IMPLAN is a proven statistical device the company has used for years to provide accurate comparisons in all such studies nationwide. Battelle includes these IMPLAN-derived job numbers because they are significant, reflecting legitimate employment that is dependent on the biotech sector. As reported by Mr. Vinluan, North Carolina has more than 58,000 people working directly in biotech companies.
Since when does a Chamber of Commerce or a dentist office county as a biotech company? There are plenty of legitimate biotech jobs in the state but egregious overstatements like this headline makes anyone with even modest critical thinking skills discount the entire article and the question the calibre of journalism behind it.
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