A collaboration with Cushman & Wakefield's marketing and research teams. As the life sciences industry gains more and more attention, we have put together an infographic about major market activity in Suburban Maryland and why it makes such a great location for any life sciences or biopharma company.
1. MARKET ACTIVITY
1. National Institute of Allergy & Infectious Diseases
2. National Institutes of Health
3. U.S. Food & Drug Administration
4. Department of Health & Human Services
5. Biomedical Advanced Research & Development Authority
6. University of Maryland
7. Johns Hopkins University
8. Centers for Medicare & Medicaid Services
PROXIMITY TO KEY U.S. STAKEHOLERS
FOR MORE INFORMATION PLEASE CONTACT:
RICHELLE WILSON, Research Analyst
202.739.0367 | richelle.wilson@cushwake.com
Post-graduate degree
Bachelor’s degree or higher
High school diploma
91.1%
56.1%
29.2%
DIVERSE & EDUCATED
WORK FORCE
Residents 25+ years old
Nation’s Highest Percentage!
LIFE SCIENCES JOB GROWTH
OVER THE PAST DECADE
33%
67%
LIFE
SCIENCES
OTHER
U.S.
Pharmacopeial
Convention
Qiagen
Macrogenics
J. Craig Venter
Institute
Private Sector
9.2K
EMPLOYEES IN THE
BIOSCIENCE COMMUNITY
Federal Agencies
49K
NOTABLE LIFE
SCIENCES COMPANIES
GlaxoSmithKline
Time Magazine dubs
Montgomery County’s I-270
Technology Corridor "DNA Alley"
2000
Montgomery County
celebrates the opening of FDA
Life Sciences Lab in White Oak
2003
County announces
first-in-nation Biotech
Investment Tax Credit &
Equity Investment Legislation
2010
Groundbreaking for
U.S. Nuclear Regulatory
Commission Building at
North Bethesda Center
2010
BioMed Realty acquires two properties
along the I-270 Corridor. Major tenant
is MedImmune/AstraZeneca PLC
2010
The MOVE program launches and serves
as an initiative to incentivize life sciences, IT,
cyber security & green technology businesses
to relocate to Montgomery County
2014
BioMed Realty sells Human Genome
Sciences manufacturing building for
$322.5 Million, or $1,112 PSF
2014
Sucampo Pharmaceuticals
relocates its headquarters
from Bethesda/Chevy Chase
to 805 King Farm Boulevard
2015
GlaxoSmithKline PLC
announces it will open
a new global vaccine
research & development
center in Rockville
2015
C
&W LISTIN
G
National Cancer Institute’s
(NCI) new headquarters in
the Shady Grove Life Sciences
Center is completed
2013
87
3
2
1
5
4
6
MONTGOMERY
COUNTY
DC
MedImmune/
AstraZeneca
Aeras
Navigant
J. Craig Venter and Francis Collins, along with
President Bill Clinton and UK Prime Minister
Tony Blair, make the announcement of the
mapping of the human genome
2000
MAJOR METROPOLITAN AREAS
LIFE SCIENCES ANNUAL MEAN WAGE
Framingham, MA
$89,320
Newark-Union, NJ/PA
$88,720
San Francisco, San Mateo,
Redwood City, CA
$94,120
Bethesda, Rockville,
Frederick, MD
$96,450
Washington, Arlington,
Alexandria, DC/VA/MD/WV
$96,760
Norwich, New
London, CT/RI
$106,990
Michigan City,
La Porte, IN
$90,010
Texarkana, TX/AR
$87,350
Houston, Sugar Land,
Baytown, TX
$87,470
Midland, TX
$89,120
3RD
IN THE NATION!
LIFE SCIENCES ANNUAL MEAN WAGE
WHY MONTGOMERY COUNTY WORKS
MARKET ACTIVITY