Working to support the nine counties in the Bay Area with policies that accelerate life science success.
Our priorities in the Bay Area region include accessibility and reliability of utilities, reducing business tax burdens where appropriate, and advancing land use proposals to facilitate future life science developments. We also engage on traditional business issues, such as advocating for more seamless transit infrastructure and the availability of middle-income housing.
Access to Water
California recently experienced prolonged drought conditions, and mandatory water cutbacks were implemented throughout the state. While shutoffs were avoided, they are a continuing possibility during drought conditions. Biocom California advocates for reliable, constant access to water necessary in our members’ delicate research processes.
It is common knowledge that there is an extreme housing shortage in the Bay Area – the median price of a single-family home is $1,060,000. Fewer than 1 in 5 Bay Area residents can afford to purchase a median-priced house. Biocom California supports incentivizing the building of additional middle-income housing units via a variety of approaches to accommodate our diverse and growing life science workforce.
Gross Receipts Tax
Gross receipts tax the total amount a company receives from all sources, without subtracting expenses or considering whether the company has a commercialized product. These taxes disproportionately impact companies with low or no profit margins such as small and mid-sized life sciences.
Local Taxes and Fees
At the local level, the implementation of new city taxes and fees can have detrimental effects on the development and production of new treatments. Biocom California works with elected officials to educate them on the effects of new proposals on the life science industry and works to mitigate tax and fee impacts on our members.
In regional markets throughout California, land available for life science development is scarce. Preserving industrial land for manufacturing, research and development (R&D), and distribution is vital to long-term industry stability and growth. We also encourage local governments to identify and incentivize physical areas for life science establishments where appropriate.
Transportation is a key element in the quality of life in the Bay Area, impacting the ability of employees to commute from work in a reasonable time as well as the ability of companies to attract the necessary workforce and transport goods and products. Investment in transportation infrastructure is critical for the Bay Area’s future growth and population needs.
This committee provides a forum for Biocom California members to proactively deliver input on proposed legislative changes at city and county levels of government.
Biocom California’s Bay Area Facilities Activities and Resources
Check out Biocom California’s Bay Area Facilities Smartroom for information about upcoming events, facilities resources, and ways to communicate with your peers. The room also includes the ability to chat and post updates with peers as well as view past event photos and resources for policy matters in the Bay Area.