Bioscience

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With its cluster of farming, industry leaders such as DuPont Pioneer and John Deere, and a large land-grant university, central Iowa is already a hub of economic activity centered on agriculture and bioscience. But state, local, business and university leaders believe the region still has much untapped potential.

Their response: Join together on a new Cultivation Corridor initiative, which creates new partnerships among regional leaders in economic development, education and bioscience and aims to market central Iowa as the home of“science that feeds the world.”

If successful, the initiative will also help grow the entire Iowa economy by drawing new investments to the state and attracting and retaining talent and business.

 

Three things are critical to a state if policymakers want to attract bioscience companies—a supportive and creative venture capital system, a stable tax structure and a strong education system from kindergarten through college. That was the opinion of the experts speaking during the “Encouraging American Innovation and Competing in a Global Economy—Health Care” session at The Council of State Governments’ Growth and Prosperity Virtual Summit of the States.

Even as overall private-sector employment fell by 0.7 percent during the Great Recession, jobs in the life sciences grew by 1.4 percent, according to the latest state-of-the-industry study released last summer. Overall, the field of life sciences, which includes pharmaceutical and biotechnology industries, gained 19,000 jobs in 2008, according to the report released by Battelle Memorial Foundation and the Biotechnology Industry Organization, known as BIO.

 

Even as overall private-sector employment fell by 0.7 percent during the Great Recession, jobs in the life sciences grew by 1.4 percent, according to the latest state-of-the-industry study released last summer.  Overall, the field of life sciences, which includes pharmaceutical and biotechnology industries, gained 19,000 jobs in 2008, according to the report released by Battelle Memorial Foundation and the Biotechnology Industry Organization, known as BIO.

Utah targets life science industry to help retool the state economy for the 21st Century. 

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