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Science, Tech Building Boom Signals 'Investment In The Future'

Biotech Building Boom
Biotech Building Boom Signals Investment In The Future
GuestsGary Robbins science reporter for U-T San Diego, his story, "Science undergoing big building boom," ran on the front page of the paper today. Joe Panetta, President and CEO BIOCOM. Joe represents more than 450 member organizations in the greater San Diego and Southern California life-sciences communities.

Science could be leading San Diego into a building boom, according to a U-T San Diego story published today.

"At least nine major structures are nearing completion, under way, or soon to start," the story says. "The projects will cost at least $785 million to build, and will provide the region with about 1.1 million square feet of research, office, manufacturing and conference space."

That expansion is producing a mini-building boom from North County to San Marcos, and particularly around the greater UC San Diego campus area.


Joe Panetta, president and CEO of the biotech trade group BIOCOM, spoke to KPBS.

"The biotech economy has actually been growing over time, even with the sluggishness in the economy," he said. "In 2010, we saw about a 5 percent increase in employment in the life sciences industry here in Southern California."

Gary Robbins, the science reporter for U-T San Diego who wrote the story, said most of the money for the projects comes from bonds approved by voters.

Panetta added that San Diego is seeing a lot of public-private partnerships, including the Sanford Consortium for Regenerative Medicine.

Another medical complex, the 10-story Jacobs Medical Center at UC San Diego, broke ground today.