Industry Impact

The CvilleBioHub Region is a thriving ecosystem, with access to capital, infrastructure and a growing, highly skilled workforce. The industry contributes $1.2 billion in total economic activity locally.

Total Network Economic Impact

The biotechnology industry is one of the largest and fastest growing industries in the region and results in high economic multipliers.

65+
companies
5,261
for every job, 1.7 created
$350M
in wages, 2x regional avg.
$1.2B
total economic activity

BIOHUB BY THE NUMBERS

A snapshot of current industry activity

$54M
in grant support
835K
sq. ft. of space
1,950
jobs
$276M
in funds raised

Our Network by Sector

Industry Sector
Devices & Instrumentation
# of Companies
25 (37%)
# of Employees
1094
Funding $M
62.1
Footprint sq. ft.
503,350
Industry Sector
Therapeutics
# of Companies
12 (18%)
# of Employees
79
Funding $M
190.3
Footprint sq. ft.
31,600
Industry Sector
Health Tech & Software
# of Companies
9 (13%)
# of Employees
90
Funding $M
9.2
Footprint sq. ft.
16,300
Industry Sector
Agriculture & Food Tech
# of Companies
7 (10%)
# of Employees
78
Funding $M
14.5
Footprint sq. ft.
70,350
Industry Sector
Consulting
# of Companies
5 (7%)
# of Employees
55
Funding $M
N/A
Footprint sq. ft.
10,000
Industry Sector
Biomanufacturing
# of Companies
4 (6%)
# of Employees
120
Funding $M
N/A
Footprint sq. ft.
119,000
Industry Sector
Foundations & Non-profit
# of Companies
3 (4%)
# of Employees
81
Funding $M
N/A
Footprint sq. ft.
18,100
Industry Sector
Clinical Research
# of Companies
2 (3%)
# of Employees
353
Funding $M
N/A
Footprint sq. ft.
67,000
Industry Sector
Total
# of Companies
67
# of Employees
1,950
Funding $M
276.1
Footprint sq. ft.
835,700
Breakdown of biotechnology companies/organizations in the CBR by sector
"As the field evolves and as larger successes take place locally, the biotech industry cluster in the Charlottesville Biohub Region has the opportunity to be a leading Virginia ecosystem where scientists and business people seek new opportunities in developing new biotech companies and a high quality of life."
Nikki Hastings, executive director
CvilleBioHub Industry Report