California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute

One in four U.S. biotech companies is located within 35 miles of a UC campus.
One in three California biotech firms (and one in six nationwide) were founded
by UC scientists, and 85% of California biotech firms employ UC alumni with
graduate degrees. And the University of California, San Francisco plays a key
role in that equation.

A recent report commissioned by the University shows that the graduate-level
health sciences campus has an annual economic impact of $6.2 billion on the
Bay area.

Additionally, spending by UCSF, its 21,903 employees, 4,400 students and 3,910
retirees — including those at its medical facilities — is responsible for
supporting more than 17,000 other jobs in a variety of sectors from retail, to
medical supply firms and biotech spinoffs.

UCSF remains second only to San Francisco government as a job-maker inside the
city. Other top employers in San Francisco include Wells Fargo, California Pacific
Medical Center, Pacific Gas and Electric Co., Charles Schwab & Co. and the Gap.

The report identifies that UCSF has helped spawn more than 60 companies, including
Genentech, and notes that the campus has been responsible for growing a significant
cluster of research institutes and startups into San Francisco, adding to the
region's biotech base.

• UCSF’s research spending outpaces all other colleges and universities nationally.
• It is San Francisco’s second-largest employer and the fifth-largest in the
        nine-county Bay Area, paying out $1.78 billion in wages annually.
• Construction spending by UCSF averages about $180 million a year.

Additionally this week, Salesforce.com chairman and CEO Marc Benioff and his family
have given a $100 million private gift to help fund the construction of the new UCSF
Children's Hospital at the UCSF Mission Bay campus near downtown San Francisco. The
gift is both the largest gift the donors have ever made and the largest gift ever
granted specifically to the UCSF Children's Hospital. Upon completion in 2014, the
183-bed UCSF Benioff Children's Hospital at the UCSF Mission Bay campus will set a
new standard for patient- and family-centered health care, safety, sustainability
and translational medicine. The new facility will offer urgent/emergency care,
pediatric primary care and specialty outpatient services; and, with 45 more beds
than the current hospital and an on-site helipad, there will be room to grow and
serve more critically ill children who otherwise might not have access to lifesaving
care.

I am Tim Johnson and this has been the California Business Minute.