BIOSCIENCE. January 2017 Bioscience INDUSTRY PROFILE. for Arapahoe & Douglas Counties Colorado WIOA Central Planning Region

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1 BIOSCIENCE January 2017 Bioscience INDUSTRY PROFILE for Arapahoe & Douglas Counties Colorado WIOA Central Planning Region

2 BIOSCIENCE Background With more than 15,60 bioscience workers at 670 companies, the nine-county region has a significant foundation on which to build and expand the bioscience industry. The region ranks 11th among the top 50 metro areas for 2016 employment concentration in medical devices and 2th for pharmaceuticals and biotechnology employment. The nine-county Metro Denver and Northern Colorado region1 is home to a vibrant and growing bioscience hub of research institutions, life science expertise, and more than 670 bioscience-related companies that are developing breakthroughs in life-saving treatments. More than 1 percent of the state s bioscience firms are located along the Front Range, with the center of the Rocky Mountain region s life science center located at the Fitzsimons Innovation Campus and the adjacent Anschutz Medical Campus. As one of the largest bioscience developments in the nation, the $5.4 billion project encompasses 57 acres and more than six million square feet of corporate and bioresearch space. The region s top-rated research and educational institutions and entrepreneurial infrastructure offers access to a high concentration of top-tier life science talent. Further, the region s supportive business climate and competitive tax structure have facilitated research, development, and manufacturing for bioscience companies. The region s bioscience cluster is a major contributor to the state s economy. More than 1,270 medical devices, diagnostics, and pharmaceuticals are in development and approved by companies headquartered in Colorado. In fact, Colorado s biotechnology and pharmaceutical industry alone adds as much as $14.5 billion to the state s economy, according to Pharmaceutical Research and Manufacturers of America. Source: Metro Denver Economic Development Corporation Rankings Business Insider ranked Colorado s economy the third best in the country, based on recent change in housing prices, nonfarm payroll growth, unemployment rate, GDP per capita, average weekly wage, and state government surplus and deficit. Forbes ranked Metro Denver sixth of fastest growing cities in Factors that earned us this standing included our 4 percent unemployment rate 2.66 percent job growth rate. According to Money magazine, Denver is the best city to live in the West. The ranking called Metro Denver a mecca for millennials and that the city has relatively affordable real estate and great access to recreation. WalletHub ranked three Metro Denver cities among the best in the country for first-time home buyers: Centennial ranked third, Longmont ranked ninth, and Thornton ranked 10th.

3 BIOSCIENCE Employment Concentrations This map show where the highest concentration of employment are in the bioscience sector, by county, within the Central Planning Region. Top Employment Concentrations by County County 2016 Jobs Business Establishments National Location Quotient Boulder County, CO 5, Jefferson County, CO 4, Denver County, CO 2, Larimer County, CO 2, Arapahoe County, CO 1, Douglas County, CO 1, Broomfield County, CO 1, Adams County, CO Gilpin County, CO < Clear Creek County, CO < Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker+ 2

4 BIOSCIENCE Competitive Analysis This table shows employment within the Colorado Central Planning Region in the top 20 occupations in the sector. Regional wage ranges and the median wage are shown, with yellowed cells indicating where wage offers may have to fall to attract and retain qualified candidates based on labor supply (applicants per job opening). SOC Code Total Number Jobs (in industry) Total Number Jobs (across industries) Annual Openings Available Applicants Description Software Developers, Applications , Accountants & Auditors ,474 1, Software Developers, , Systems Software Dental Laboratory Technicians Biological Technicians 34 2, Applicants Per Job Openings Median 10th Percentile 25th Percentile Average 75th Percentile 90th Percentile 0.36 $49.79 $31.66 $39.16 $4.92 $59.11 $ $36.42 $20.67 $25.76 $33.14 $43.26 $ $52.32 $32.72 $41.5 $51.50 $61.94 $ $1.0 $12.27 $13.30 $16.03 $22.13 $ $22.32 $13.99 $16.56 $20.95 $27.25 $ Customer Service Reps ,907 1, $17.4 $11.50 $13.53 $16.57 $20.55 $ Chemists 464 1, $3.22 $19.02 $24.6 $36.74 $50.1 $ Mechanical Engineers 342 5, $44.36 $27.09 $33.11 $41.07 $54.1 $ Team Assemblers 403 4, $15.31 $9.91 $11.4 $14.34 $17.92 $ Inspectors, Testers, Sorters, Samplers & Weighers 359 3, $20.6 $10.94 $14.90 $19.29 $25.2 $ Industrial Engineers 335 2, $45.0 $27.60 $34.97 $43.9 $54.92 $ Shipping, Receiving & Traffic Clerks 252 7, Business Operations Specialists, All Other , Sales Representatives, Wholesale & Manufacturing, Technical & Scientific Products Sales Representatives, Wholesale & Manufacturing, Except Technical & Scientific Products 47 5, , Secretaries & Admin Support Assistants, Except Legal, Medical & Executive ,21 1,055 1, First-Line Supervisors of Production & Operating Workers 274 4, General & Operations Managers ,440 1,31 1, Electrical & Electronic Equipment Assemblers 397 2, Electromechanical Equipment Assemblers 354 1, $16.23 $10.47 $12.57 $15.03 $1.9 $ $3.46 $20.21 $26.2 $35.93 $47.24 $ $50.76 $23.63 $32.7 $46.67 $62.25 $ $34.32 $13.59 $19. $2.0 $40.02 $ $1.22 $11.65 $14.37 $17.7 $22.00 $ $29.62 $17.51 $22.10 $2.27 $35.37 $ $64.77 $24.40 $35.5 $54.23 $4.55 $ $16.96 $10.20 $11.92 $15.45 $20.62 $ $17.14 $12.1 $15.0 $17.04 $19.15 $21.19 Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker 4

5 BIOSCIENCE Industry Growth This table shows projected yearly job growth through The National Location Quotient shows the relative concentration of employment in this industry in the Colorado Central Planning Region versus the national average. For example, with a Location Quotient of 3.75, you would read, employment is 3.75 times more concentrated in the Colorado Central Planning Region than the national average. 4, ,000 3,500 3,000 2,500 2,000 1,500 1, ,392 2,93 3,990 3,347 1,6 1, ,026 1,510 1,656 3,776 4,116 1,039 1, Jobs 2021 Jobs Electromedical & Electrotherapeutic Apparatus Manufacturing Medical, Dental & Hospital Equipment & Supplies Merchant Wholesaler Reasearch & Development in Biotechnology Dental Laboratories Testing Laboratories Surgical & Medical Instrument Manufacturing Analytical Laboratory Instrument Manufacturing National Location Quotient Source: EMSI QCEW Employees, Non-QCEW Employees & Self-Employed Class of Worker

6 BIOSCIENCE Difficult to Hire This chart shows the relationship between the number of job listings versus the number of hires for each of the top occupations in the sector. If there are more listings than hires, it suggests that there are not enough qualified people to fill all the jobs. If there are more hires than listings, it suggests there may be too many qualified people to fill too few jobs. Difficulty to Hire Very Easy Easy Medium Difficult Very Difficult Occupation (SOC) Avg Monthly Postings Avg Monthly Hires Hires Per Listing Team Assemblers Electromechanical Equipment Assemblers Shipping, Receiving & Traffic Clerks Chemists Secretaries & Admin Assistants, Except Legal, Medical & Executive ,053 2, Inspectors, Testers, Sorters, Samplers & Weighers Business Operations Specialists, All Other 763 1, General Operations Managers Sales Reps, Wholesale & Manufacturing, Except Technical & Scientific Products Electrical & Electronic Equipment Assemblers Customer Service Representatives Dental Laboratory Technicians 1,021 1, , ,057 2, Accountants & Auditors 1,999 1, Biological Technicians Software Developers, Systems Software Mechanical Engineers First-Line Supervisors of Production & Operating Workers Software Developers, Applications Sales Reps, Wholesale & Manufacturing, Technical & Scientific Products Market Research Analysts & Marketing Specialists ,

7 BIOSCIENCE Top Jobs Top Jobs Currently Listed in the Central Planning Region, Last 120 Days Sales Representatives, Wholesale & Manufacturing, Technical & Scientific Products Prior Year 59 Sales Managers Prior Year 1 First-Line Supervisors of Office & Administrative Support Workers Prior Year 16 Medical Equipment Preparers Prior Year 11 Environmental Science & Protection Technicians, Including Health Prior Year Stock Clerks- Stockroom, Warehouse or Storage Yard Prior Year 7 Customer Service Representatives Prior Year 20 Bill & Account Collectors Prior Year 5 Marketing Managers Prior Year 29 Licensed Practical & Licensed Vocational Nurses Prior Year 0 Sales Representatives, Wholesale & Manufacturing, Except Technical & Scientific Products Prior Year 20 Computer User Support Specialists Prior Year 20 Registered Nurses Prior Year 9 Respiratory Therapists Prior Year 3 Medical Secretaries Prior Year 2 Billing, Cost & Rate Clerks Prior Year Source: Wanted Analytics Medical Equipment Repairers Prior Year Healthcare Support Workers, All Other Prior Year 3 First-Line Supervisors of Production & Operating Workers Prior Year 19 Medical & Clinical Laboratory Technologist Prior Year 0

8 BIOSCIENCE Training Pipeline Here are the top 20 jobs in the industry, by number employed and educational attainment level. High School or equivalent Sales Representatives, Wholesale & Manufacturing, Except Technical & Scientific Products SOC Code: Jobs: 23,627 Annual Openings: 750 Regional Completions: 75 Completers/Opening: 0.10 Customer Service Representative SOC Code: Jobs: 32,907 Annual Openings: 1,634 Shipping, Receiving & Traffic Clerks SOC Code: Jobs: 7,44 Annual Openings: 227 Secretaries & Admin Assistants, Except Legal, Medical & Executive SOC Code: Jobs: 42,21 Annual Openings: 1,055 Regional Completions: 45 Completers/Opening: 0.04 First-Line Supervisors of Production & Operating Workers SOC Code: Jobs: 4,364 Annual Openings: 125 Regional Completions: 1 Completers/Opening: 0.01 Electrical & Electronic Equipment Assemblers SOC Code: Jobs: 2,76 Annual Openings: 66 Regional Completions: 4 Completers/Opening: 0.06 Electromechanical Equipment Assemblers SOC Code: Jobs: 1,627 Annual Openings: 33 Team Assemblers SOC Code: Jobs: 4,114 Annual Openings: 201 Inspectors, Testers, Sorters, Samplers & Weighers SOC Code: Jobs: 3,357 Annual Openings: 163 Dental Laboratory Technicians SOC Code: Jobs: 462 Annual Openings: 30 Completers/Opening: 0.10 Bachelor s Degree General & Operations Managers SOC Code: Jobs: 30,440 Annual Openings: 1,31 Regional Completions: 6,04 Completers/Opening: 4.40 Business Operations Specialists, All Other SOC Code: Jobs: 32,765 Annual Openings: 779 Regional Completions: 50 Completers/Opening: 0.06 Software Developers, Applications SOC Code: Jobs: 20,232 Annual Openings: 724 Regional Completions: 91 Completers/Opening: 1.27 Software Developers, Systems Software SOC Code: Jobs: 10, Annual Openings: 335 Regional Completions: 1,035 Completers/Opening: 3.09 Industrial Engineers SOC Code: Jobs: 2,557 Annual Openings: 129 Mechanical Engineers SOC Code: Jobs: 5,322 Annual Openings: 302 Regional Completions: 721 Completers/Opening: 2.39 Chemists SOC Code: Jobs: 1,646 Annual Openings: 64 Regional Completions: 227 Completers/Opening: 3.56 Biological Technicians SOC Code: Jobs: 2,469 Annual Openings: 109 Regional Completions: 1 Completers/Opening: 0.01 Sales Representatives, Wholesale & Manufacturing, Technical & Scientific Products SOC Code: Jobs: 5,36 Annual Openings: 15 Regional Completions: 50 Completers/Opening: 0.27 Source: IPEDS Data Compiled by EMSI

9 BIOSCIENCE Top Ten Below are the top five core skills, workplace skills, certifications and companies in the bioscience industry. Core Skills 1 Oral & Written Communication 2 Microsoft Office 3 Integrity 4 Detail Oriented 5 Troubleshooting Workplace Skills Certified Information Systems 1 Security Professional (CISSP) 2 Accounting Medical Device Directive 3 Certification (MDD) 4 OSHA Certification 5 Certified Scum Master Certifications 1 Top Secret Sensitive Compartmented Information (TS SCI) 2 Driver s License 3 Commercial Driver s License (CDL) 4 Food Safety Programs (HACCP) 5 Occupational Safety & Health Administration Certfication (OSHA) Companies 1 Apria 2 Medix School 3 Medtronic 4 Wesco International, Inc. 5 TestAmerica Source: Wanted Analytics

10 BIOSCIENCE Age Bands & Age Bands This age band graph shows the percentage of each age group currently in the bioscience industry workforce % % % % % % % Source: EMSI Complete Employment Listing This graph shows the week over week volume of listings in the Central Planning Region Source: Wanted Analytics 10

11 BIOSCIENCE Scan code to view report online

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