Notes, President's Corner

A look back at 2010

Thank you for your support and commitment in 2010, without which none of the following accomplishments would have been realized. Your dedication to the life sciences industry in Northern California and to BayBio is greatly appreciated. While there were many successes in a challenging year, our work is far from over. We look forward to your continued support in the new year and throughout 2011.

We did all we could to ease the crunch on your bottom line. Our year began with several positive successes. We added FedEx printing and shipping to the BayBio Business Solutions program. After successfully advocating for the $1 Billion Qualified Therapeutic Discovery Tax Credit, BayBio hosted a series of webinars and a full day of workshops for members with tax professionals. Bay Area companies qualified for $153 million in grants. We then wrapped up the year by successfully opposing Proposition 24, which would have repealed the Net Operating Loss carry forward and taxed the number of people you employ.

Of course, it wasn’t all about the bottom line. With our eye on the future, we launched, a web-based platform connecting scientists with students and teachers in under-resourced classrooms. Then in September, we conducted the first statewide Industrial Biotech Workforce Hiring Trends Survey with BIOCOM and in collaboration with Radford Consulting.

These are just a few of the successes we had and we hope you take a look at BayBio’s Top 10 in 2010 and the Northern California Top 10 in 2010 we compiled for you.

As we proceed with 2011, BayBio wishes you success in your ventures.