South San Francisco Chamber of Commerce

South San Francisco Chamber of Commerce

NEW DEVELOPMENTS

Following Genentech's pioneering efforts, biotech has grown steadily in South San Francisco with over 80 biotech firms in a two-square mile industrial zone. The city's biopharmaceutical community has also diversified to encompass a wide spectrum of bioscientific related activities, making South San Francisco the birthplace of the biotechnology industry and home to what is arguably the highest concentration of commercial biotechnology companies in the world. The California Healthcare Institute and Price Waterhouse Coopers consulting firm reports that the biotech industry is still growing in South San Francisco where among the key findings are:

  • The number of biotech firms grew from 20 in 1995 to approximately 51 in 2000. In 2001, it was found that 95 biotech-related firms were located in South San Francisco.
  • Biotech employment grew nearly 60 percent from 3,875 in 1995 to 6,150 in 2000.
  • During the past five years, biotech generated $250 million worth of construction activity.
  • The growth in companies and employment is expected to accelerate construction in South San Francisco.
  • Biotech firms in South San Francisco have 70 experimental medicines undergoing human clinical trials with the single largest concentration of experiments aimed at novel treatments for cancer.

 

South San Francisco Chamber of Commerce | 213 Linden Ave | South San Francisco, CA 94080 | p 650 588 1911 | f 650 588-2534