Tag Archives: job creation

Bioscience Economic Development Needs Key Ingredients

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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 Read More >

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Boosting Investment in Biotech

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The President’s Council on Jobs and Competitiveness issued an interim report with suggestions to increase job creation and growth in the U.S., as well as plans for encouraging investment in the industry. Of particular interest to the biotech industry, the report offers suggestions for streamlining the FDA approval process. The report also outlines ideas for eliminating capital gains on investments of $25 million or less that are held for at least five years and recommends Read More >

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Technology Transfer Symposium in San Francisco

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In the midst of turbulent economic times, and at a moment when the U.S. is looking to encourage technology job creation in the coming decade, an increasing number of public and private sector initiatives have been proposed to spur job creation. While the U.S. leads in the area of biotechnology, there is no guarantee that this competitive edge will continue.  Moreover, although the U.S. is more prolific in life science discoveries than any other single country in the Read More >

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Patent backlog hinders nation’s job creation

Article from the Milwaukee Journal Sentinel with interesting numbers.  Highlights: -Many of the missing jobs – hundres of thousands or possibly millions – are buried under the backlog of 1.2 million unprocessed patent applicatoins that have accumulated over the past 10 years at the U.S. Patent and Trademark Office. -A single U.S. patent can create three to ten jobs.  -Nothaft estimates more than 2 million new jobs are buried in the backlog -”Innovation is our Read More >

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Biotechnology and the State of the Union Address

The following was published in Politico’s Join the Debate.  Politico asked “What should Obama say in the State of the Union?”   Jim Greenwood Former Congressman (R-Pa.), President and CEO, Biotechnology Industry Organization :   The president’s State of the Union should, rightly, focus on jobs, particularly the need to create and fill new jobs to compete in an increasing competitive global marketplace. There’s no industry that better exemplifies the promise of job creation than Read More >

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