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HARRISBURG, Pa. (Map) -
"We have laid the groundwork to keep
Governor Rendell announced the ranking today during the groundbreaking in
The magazine cited "the diversity and depth of Pennsylvania's initiatives" in giving it its top ranking. This year's ranking represents a significant advancement for the commonwealth, which has been no higher than 11th position in biotechnology strength over the previous three years.
The report identified more than 20 key criteria, including the amount of state R&D funding and venture capital investments; the level of concentrated occupational employment in biotech; tax exemptions and university grant funding among other factors.
"Biotechnology plays a critical role in Pennsylvania's economic and strategic growth," Governor Rendell said. "We're providing our biotechnology industry with a competitive edge by directing support and funding to companies to expand, create jobs and retain Pennsylvania's talent."
Pennsylvania's programs to address the ongoing needs of life science companies include the Commonwealth Universal Research Enhancement, or CURE, grant program; the Life Sciences Greenhouse Initiative; and venture capital investments.
The report noted that
The Life Sciences Greenhouse Initiative, which was created as part of a larger plan to ensure continued growth in the biosciences in
Also, more than
"The commonwealth's commitment to innovation in biotechnology has resulted in growth and success in this constantly evolving industry," Governor Rendell said. "The spirit and collaboration of our researchers, entrepreneurs, company executives and policy leaders are creating an environment where ideas lead to scientific breakthrough and breakthroughs lead to products in the marketplace."
For more information on Pennsylvania's bioscience initiatives or other DCED programs, visit www.newpa.com or call 1-866-466-3972. For more information on the 2008 Business Facilities Ranking Report, visit www.businessfacilities.com.
The Rendell administration is committed to creating a first-rate public education system, protecting our most vulnerable citizens and continuing economic investment to support our communities and businesses. To find out more about Governor Rendell's initiatives and to sign up for his weekly newsletter, visit www.governor.state.pa.us.
CONTACT:
717-783-1116
717-783-1132
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