Today we congratulate President Obama on his swearing-in as President of the United States. BIO looks forward to continuing to work with the president and his administration over the next four years to craft policies that will help create jobs, propel continued innovation, and increase our nation’s competitiveness in the global marketplace.
The United States remains the world leader in biotechnology. Our nation’s biotechnology industry is comprised of scientists, entrepreneurs and large and small companies in all 50 states engaged in translating the latest scientific breakthroughs into innovative new cures and environmental products, increased agricultural production and farm incomes and bio-based products and biofuels.
Nationwide, our industry directly employs more than 1.4 million people and indirectly generates jobs for an additional 6.6 million. Biotech jobs are high-quality, high-paying jobs. With the right policies in place biotech stands ready to do much more.
Working together with President Obama to create, or maintain, a strong and predictable patent system, science-based regulatory systems and appropriate tax policy, America’s biotechnology sector can help drive job growth in the United States and advance our nation’s competitiveness over the long term, while providing cutting-edge technologies to address pressing concerns in health care, energy independence and agricultural sustainability.
As the biotechnology association, we stand ready to work with President Obama to work through the great challenges of our time.