Creating Jobs

CIRM's primary goal is to accelerate stem cell treatments into the clinic—but those funds also create new jobs for people in California.

An independent analysis found that the agency’s major facilities program alone created 13,000 job-years (this is economist-speak for creating the equivalent of 13,000 jobs that last one year, or 6,500 jobs that last two years) and brought in $100 million in tax revenue. Our other programs create research positions, and positions associated with the fast-growing biotech industry here in California. More broadly, by 2014 our programs were expected to have created more than 38,000 years of jobs and generated $285 million in tax revenue in California.

Find Out More:
2010 and 2012 economic impact reports are both on our Publications page.
Press release announcing the 2012 report.