This analysis studies Gilead’s economic impact – as measured in jobs supported, gross domestic product, and total economic output – on San Mateo County and separately on the state of California. Additionally, this report also analyzes Gilead’s other contributions to economic activity through philanthropy, and environmental and sustainability efforts.
The Economic Impact of Gilead’s Expansion
Analyses of Impacts in San Mateo County and California
California’s Bay Area region is a global hub for innovation and economic growth, home to some of the world’s fastest growing and most influential companies. While many of these companies operate internationally, their presence in the region generates a substantial economic impact – both locally in the cities and counties where the companies are located, and across the entire region. With a gross regional product over $1 trillion, the Bay Area ranks among the most productive regions in the United States.
Gilead Sciences, Inc. is a standout contributor to this growth as a leading global life sciences company headquartered in Foster City in San Mateo County. Gilead is the Bay Area’s second largest biotechnology employer and the 18th largest private sector employer in the Bay Area region, offering high-value jobs across a wide range of income levels. The company conducts cutting edge research and develops groundbreaking treatments for serious illnesses such as HIV, viral hepatitis, and cancer.
Gilead’s longstanding partnership with Foster City has been a key factor in its regional impact. Through an amended Master Plan Expansion agreement, the company is transforming its 73-acre campus with new office buildings, research laboratories, and modern amenities including a wellness center, cafeteria, meeting spaces, and landscaped outdoor areas. These investments have led to a growing workforce and construction investments at its headquarters, further strengthening the county’s innovation economy.
This analysis studies Gilead’s economic impact – as measured in jobs supported, gross domestic product, and total economic output – on San Mateo County and on the state of California. Additionally, this report also analyzes Gilead’s other contributions to economic activity through philanthropy, and environmental and sustainability efforts.
To see the impacts by geography and read the report click on the links below:
San Mateo County Economic Impact Report (PDF)