Bioscience Economic Development Needs Key Ingredients

Posted under Blog, Companies, Diagnostics, economic development, Funding, job creation, Medical Devices, Medical Supply, Pharmaceuticals, Public Policy, Startups, Universities, Videos by biotechnow@bio.org (Biotechnology Industry Organization)

Realizing that entrepreneurship is a key ingredient in economic development, states and localities continue to support programs that assist bioscience businesses and capitalize on the regional presence of universities and/or federal laboratories.

With this fact in mind, Peter M. Pellerito, a senior policy consultant at BIO, and I recently collaborated on a report that investigates what specific steps have been taken across the United States as a means of attracting bioscience companies and expanding job opportunities.

The three areas we looked at were:

• State Legislative Strategies
• Supporting Bioscience Industry with Venture Capital and Discovery Funds
• Incubators and Economic Development Centers

This report was the third and final installment of a series on workforce development strategies.

Read the other reports here (part 1) and here (part 2).