Welcome!

News Feed Item

The "Big 3" Maintain Their Ranking as the Top Life Science Clusters in US

JLL Reveals Ranking of Top US Life Science Clusters at 2014 BIO International Convention

SAN DIEGO, CA--(Marketwired - June 26, 2014) - For the 2nd consecutive year, life sciences' "Big 3" clusters of Big3Bio -- the Greater Boston area, the San Francisco Bay Area and San Diego -- have been named the top bioclusters in the United States by JLL, the professional services and investment management firm specializing in commercial real estate. Presenting the firm's third annual Global Life Sciences Cluster Report at the 2014 BIO International Convention, JLL representatives noted that access to talent and research is keeping areas like the "Big 3" at the top of the U.S. life sciences clusters list.

"The right-sizing and reshuffling of the global biopharmaceutical companies has left its mark on key U.S. cities," said Roger Humphrey, executive managing director of JLL's Life Sciences group. "The strongest U.S. clusters have retained their competitive advantages, and continue to thrive as top centers of talent and innovation."

In the report, the Greater Boston Area once again tops the U.S. cluster scorecard. Although San Diego and the San Francisco Bay Area reported higher year-over-year employment growth, Boston's ability to attract venture capital and U.S. National Institutes of Health funding secures its position as the top life sciences cluster in the world.

"Right after Jones Lang LaSalle's announcement, convention keynote address speaker Hillary Rodham Clinton spoke about the importance of building relationships," said Tilton Little, executive director of Big3Bio. "The 'Big 3' lead this list because of several factors including the unrivaled relationship-building between local industry associations, academic institutions, local governments, investors, Big Pharma, and more."

JLL notes that all three areas are expected to lead the U.S. life sciences industry in the coming years because of the critical mass of start-ups and mid-tier companies, leading research institutions, access to private and public funding, and local leaders focused on growing their life sciences industries.

JLL's rankings are in accord with two similar lists published in March by industry media outlets Genetic Engineering & Biotechnology News ("Top 10 U.S. Biopharma Clusters") and FierceBiotech ("The top 15 cities for biotech venture funding"). Although each list had varying criteria for their rankings, all three reports produced the same results -- the "Big 3" lead the way.

"Adding employment growth and patent applications to the Global Life Sciences Cluster Report scorecard this year, two areas where the San Francisco Bay Area particularly excels, meant that San Diego dropped a spot from last year's report," said Brian Cooper, Senior Vice President at JLL. "However, as former president Bill Clinton declared on national television, San Diego has become the 'human genome research capital in America,' which bolsters our city's strength in developing and supporting a collaborative cluster so attractive to emerging life science companies."

"San Diego's innovation economy is anchored by our strong biotech cluster. Not only are we home to what MIT researchers have dubbed 'The World's Smartest Company' -- Illumina -- but the region's leadership in stem cell research and the mapping of the human genome is second to none," said Mark Cafferty, president and CEO of San Diego Regional EDC. "Although we saw a dip in venture capital, this can be partially explained by the rise in local biotech companies going public. Last year was one of the strongest years for biotech IPOs in the past decade, which means in many cases companies did not need to raise late-stage money."

----------------------------------------------------------------------------
Rank        2014 Cluster Report (current)      2013 Cluster Report          
----------------------------------------------------------------------------
1           Greater Boston (no change)         Greater Boston               
----------------------------------------------------------------------------
2           San Francisco Bay Area (+1)        San Diego                    
----------------------------------------------------------------------------
3           San Diego (-1)                     San Francisco Bay Area       
----------------------------------------------------------------------------
Source: JLL2014 Global Life Sciences Cluster Report                         
----------------------------------------------------------------------------

About Big3Bio

Big3Bio is the expansion of the BayBiotech Review, the leading aggregator service for Bay Area life science professionals. Big3Bio provides complete daily coverage of the news, events, jobs, and developments in the top three life science hubs in the world: Boston, San Diego, and the San Francisco Bay Area. More information is available at www.big3bio.com.

About the Report

JLL's annual Global Life Sciences Cluster Report tracks geographic shifts in life sciences innovation, operations and facilities investments, including analysis of countries and cities most actively investing in their life sciences sectors. It includes a ranking of the top U.S. life sciences clusters, as well as analyses of life science hotspots around the world. The complete findings of the Global Life Sciences Cluster Report are available in a dedicated microsite here: http://www.jll.com/cluster-report.

JLL offers a team of real estate and facility management experts dedicated to helping life sciences companies optimize and manage their real estate portfolios. The firm provides a comprehensive range of facilities management services to the life sciences community covering 75 million square feet of research, manufacturing and commercial space. Its industry leading full-service platform includes: integrated facilities management, engineering and operations, energy and sustainability, transaction advisory services, lease administration, project management and a platform for comprehensive laboratory services, Labwell.

A leader in the real estate outsourcing field, JLL's Corporate Solutions business helps corporations improve productivity in the cost, efficiency and performance of their national, regional or global real estate portfolios by creating outsourcing partnerships to manage and execute a range of corporate real estate services. This service delivery capability helps corporations improve business performance, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance profitability.

For more news, videos and research resources on JLL, please visit the firm's global media center Web page http://bit.ly/18P2tkv.

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. JLL is the brand name of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

Contact:
Rebecca Taylor
+1 312 228 2817
Email contact 

Jennifer Harris
+1 224 619 2190
Email contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.