The Indiana life science industry.

The growth of the life sciences is emblematic of Indiana's restructuring economy. As many traditional manufacturing sectors contract, Indiana's manufacturing base has shifted toward producing other types of goods. Life science manufacturing is an important part of that shift.

Life science-related firms employed 50,000 Hoosiers in 2007. (1) At 1.7 percent of total employment, these firms represent a small yet rapidly growing segment of Indiana's workforce. Table I shows payroll employment in Indiana life science industries growing nearly 3 percent annually. This average annual rate of growth is more than twice as great as the nation.

The important role that the life sciences play in the state is more evident when compared to Indiana's employment picture overall. Payroll employment in Indiana increased by 33,000 between 2001 and 2007--a 0.2 percent average annual growth. Meanwhile, life science employment expanded by 7,600...

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