OPINION: The Bay Area is already home to a thriving and growing industry that can help lead us forward and blunt the severe impacts of remote work on our city centers, business districts and government coffers.
The dramatic shift to remote work that we’ve experienced over the past three years has had a profound and transformative impact on the Bay Area, our cities and our economy. Office buildings in business districts sit empty or partially empty. Downtown streets that once bustled are eerily quiet. And the jobs and tax revenue generated by businesses big and small is shrinking.
The life sciences industry has long been a stalwart of the Bay Area economy, even if it’s been sometimes overshadowed by its peers in other tech sectors. As we look for ways to compete economically and make our economy more resilient, it’s time to double down on our embrace of life sciences. Companies like Gilead offer a great example of the long-term commitment many of these companies make to the communities where they operate.
. While other tech sectors can operate remotely, manipulating genetic material, handling beakers and pipettes, and developing, testing and manufacturing pharmaceuticals and other biotech products requires workers to be physically present. While we need to plan for a future where fewer workers are coming into offices, that doesn’t mean we can’t also be working to maximize industries like life sciences that will always need robust in-person workforces.
These companies, through longterm development agreements, are also important contributors to the communities where they operate, supporting local schools, nonprofits and other activities and programs that benefit thousands of residents.
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