{"id":8560,"date":"2022-10-31T09:22:41","date_gmt":"2022-10-31T14:22:41","guid":{"rendered":"https:\/\/ibio.org\/?p=8560"},"modified":"2022-10-31T09:23:41","modified_gmt":"2022-10-31T14:23:41","slug":"illinois-bioscience-sector-grows-on-key-metrics-crains-chicago","status":"publish","type":"post","link":"https:\/\/ibio.org\/illinois-bioscience-sector-grows-on-key-metrics-crains-chicago\/","title":{"rendered":"Illinois\u2019 bioscience sector grows on key metrics &#8211; Crains Chicago"},"content":{"rendered":"<p id=\"first-graph\" class=\"inline-ad-para paragraph-newsletter-1\">Illinois&#8217; bioscience industry has seen major growth in recent years as government grants and private investors have pumped money into the sector, according to a new <a class=\"omnitrack inline-paragraph-link\" href=\"https:\/\/ibio.org\/wp-content\/uploads\/TEConomy-BIO-2022-Report-vFinal-copy.pdf\" target=\"_blank\" rel=\"noopener\" data-omnilocation=\"articlebody\" data-omnilink=\"editorial-link\">report.<\/a> But a shaky economy and venture-capital slowdown this year will likely hamstring continued growth, experts say.<\/p>\n<p class=\"paragraph-newsletter-2\">From 2018 to 2021, Illinois&#8217; bioscience sector saw employment grow 4.5% to nearly 91,000 workers across 4,297 business establishments, which include corporate office, manufacturing sites and distribution centers.<\/p>\n<p>&#8220;The pandemic really highlighted the importance of the industry from the medical device and diagnostics all the way to therapeutics and vaccines,&#8221; says John Conrad, CEO of the Illinois Biotechnology Innovation Organization, or iBio, a life sciences industry booster. &#8220;This is an industry that Illinois needs to focus on.&#8221;<\/p>\n<p><a href=\"https:\/\/www.chicagobusiness.com\/health-care\/illinois-bioscience-sector-growing-report\" target=\"_blank\" rel=\"noopener\">Read the full article on Crain&#8217;s Chicago<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Illinois&#8217; bioscience industry has seen major growth in recent years as government grants and private investors have pumped money into the sector, according to a new report. But a shaky economy and venture-capital slowdown this year will likely hamstring continued growth, experts say. From 2018 to 2021, Illinois&#8217; bioscience sector saw employment grow 4.5% to [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":7998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[477],"tags":[262,89,121,170,479,157,122,219,485],"class_list":["post-8560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ibio-in-the-news","tag-chicago","tag-ibio","tag-illinois","tag-innovation","tag-john-conrad","tag-lab-space","tag-life-sciences","tag-startups","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/posts\/8560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/comments?post=8560"}],"version-history":[{"count":2,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/posts\/8560\/revisions"}],"predecessor-version":[{"id":8562,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/posts\/8560\/revisions\/8562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/media\/7998"}],"wp:attachment":[{"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/media?parent=8560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/categories?post=8560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibio.org\/wp-json\/wp\/v2\/tags?post=8560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}