Agricultural areas looking to bioscience, research as seeds of a brighter economic future
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.
“Certainly the bioscience industry as a whole weathered the recession much better [than other sectors],” Goodno says. “We typically say that the industry took less of a hit in terms of jobs than the overall economy, and it bounced back faster. The companies that did lay off workers tended to rehire faster.”
In central Iowa, the region’s long, prosperous history of agricultural production complements more recent areas of economic strength — for example, advances in bioscience, agbiosciences and biorenewables.
“Over the last decade,” Goodno says, “universities, and particularly agricultural-focused research institutions, such as land-grant schools, have become very engaged in early-stage R&D.”
• expanding access to capital (such as through R&D tax credits, seed funds and angel-investment funds);
• investing in research facilities and infrastructure development; and
• formulating initiatives to develop and retain workforce talent related to biosciences.
|Stateline Midwest ~ October 2014||1.47 MB|