UCSF Creates $6.2B Economic Output

UC San Francisco generates about $6.2 billion of industrial output in the nine-county Bay Area, according to a new economic impact report. The institution has 21,900 employees, making it the second-largest employer in San Francisco behind the city itself, according to the report by Economic & Planning Systems of Berkeley. The data came from the first economic analysis on UCSF since 2003, when first building opened at the Mission Bay campus. “UCSF is central to the optimism, energy and innovation that are here in San Francisco,” said chancellor Susan Desmond-Hellmann, in a statement.

Author: Luke Timmerman

Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.