Tag Archives: economic development

Building the Bioeconomy

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Leaders across the globe have increasingly begun to target the bioscience industry as an economic engine that provides high wage, high-skilled jobs across a broad range of occupations. During the last decade, this understanding of the economic potential of the industry has led to policies and programs that provide supportive tax environments in capital formation, technology transfer, and funding for a workforce to facilitate research, development, and manufacturing. BIO has just released a first-of-its-kind report Read More >

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BIO Testifies Before The Michigan Bioscience Caucus

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BIO‘s Senior Policy Consultant, Peter Pellerito, recently testified before the Michigan Legislature’s Bioscience Caucus on economic development initiatives that support the growth of the bioscience industry. As part of the testimony, Pellerito discussed state legislative capital formation and R&D legislative strategies that support technology transfer and industry growth within state borders. Read the transcript of the testimony here.

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TPP and IP: The Economic Benefits of a Pacific Trade Agreement

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Ndp Analytics recently published a study on the economic benefits of intellectual property rights (IP) in the Trans-Pacific Partnership. They find that 2/3’s of the “economic benefits for the U.S. economy and the 11 partner countries would come from IP-intensive manufacturing industries.” They conclude that “the stronger the protection of IP rights under the TPP, the greater the value of trade leading to greater economic growth, additional jobs created, higher incomes, and development across countries.” Here Read More >

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NYC Launches $100M Life Science Fund

On Tuesday, Deputy Mayor Robert Steel announced that the city is launching the New York City Emerging Life Science Technology Investment Fund, a $100 million venture fund for life sciences research. New York City will invest $10 million along with $40 million from Eli Lilly, Celgene and GE Ventures, with the remaining $50 million matched by venture capital partnerships. The fund will be used to invest in 15-20 early-stage research and development companies by 2020. Read More >

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Governors Share Best Practices on Bringing Biotech Jobs to their States

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With the state competition for biotech jobs in full force at the BIO International Convention, BIO released its Bioscience Economic Development report yesterday to a standing room only crowd that came to hear Texas Gov. Rick Perry, Pennsylvania Gov. Tom Corbett, Missouri Gov. Jay Nixon and Director of Illinois Department of Commerce and Economic Opportunity Jack Lavin share their insights on attracting and growing the biotech industry within their states. Common themes quickly emerged around Read More >

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