Health and Wellness Industry Sector

The healthcare sector employees more than 35,000 people in Oakland and contributes more than $2 billion to Oakland's Gross Regional Product. It is the city's largest sector by number of employees and is expected to have signficant job growth through 2021. In fact, Oakland is expected to lead the East Bay in healthcare job growth.

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Healthcare

Oakland’s four major hospitals add to our city's prominence in the healthcare sector:

Life Science

Oakland is at the center of perhaps the world’s premier life sciences research area:

  • Children’s Hospital Oakland Research Institute (CHORI), garners more than $40 million each year in bioscience research funding.
  • Twenty research institutions throughout the Bay Area--including UC Berkeley, UC San Francisco, Stanford University, and three National Laboratories--engage in leading-edge work.
  • More than 300 life sciences companies in the East Bay provide a tremendous customer and supplier base.
  • Tax and other business advantages
  • The large workforce is highly educated and highly productive —in Oakland, 37% hold a bachelor’s or graduate degree.
  • A regional hub for major air cargo companies, Oakland International Airport is one of the nation’s top business commuter airports; nearby San Francisco International Airport is a major international hub.
  • Quality of life is unsurpassed, with world class cultural activities, clubs, sports and the best-rated climate in the nation.

In 2009, the East Bay region was ranked fifth of states/areas receiving venture capital for medical devices. The region received $175 million. 


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