Biotech Business Bobcats

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?Biotech ?Business ?Bobcats
What could they possibly have in common?

• Bill Moak, President/CEO, Better Business Bureau
  of Mississippi

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What Attracts Biotech?

• Academics Research-oriented colleges and
  universities
• Existing Biotech Businesses
• Money Tax Incentives, etc.
• Community Support

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The Biotech Industry

• Highly Competitive
• Tends to Cluster
• High Costs
• Highly Politicized
• Entrepreneurial

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The Competition
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Whos the Competition?

• Top Ten Pharma and Biotech States
• States are ranked by total number of
  pharmaceutical and biotechnology companies
• California 1,439
• Massachusetts 577
• New Jersey 403
• Pennsylvania 394
• New York 317
• Maryland 268
• Texas 219
• Florida 200
• North Carolina 183
• Illinois 173
• Numbers were compiled by LifeScience Analytics
  Inc. From Illinois looks to attract more
  biotechnology and pharmaceutical businesses,
  Medill Reports, Chicago, 6/5/08

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Whos the Competition?

• Top Ten Pharma and Biotech States
• States are ranked by total number of
  pharmaceutical and biotechnology companies
• California 1,439
• Massachusetts 577
• New Jersey 403
• Pennsylvania 394
• New York 317
• Maryland 268
• Texas 219
• Florida 200
• North Carolina 183
• Illinois 173
• Mississippi 92
• Numbers were compiled by LifeScience Analytics
  Inc. From Illinois looks to attract more
  biotechnology and pharmaceutical businesses,
  Medill Reports, Chicago, 6/5/08
• Numbers were compiled from lists provided by the
  Mississippi Development Authority. Companies
  include pharmaceutical companies, laboratories
  (except those providing exclusively medical lab
  services), and other biotech-related businesses.

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What We Have to Offer

• Trainable Workforce
• Research Institutions
• Low Expense Environment
• Possible Tax Incentives (GO Zone, etc.)
• Accessible Locations

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What We Have to Offer

• Trainable Workforce
• Research Institutions
• Low Expense Environment
• Possible Tax Incentives (GO Zone, etc.)
• Accessible Locations
• And
• Dedicated, Highly Motivated Science Teachers!

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Resources

• Illinois looks to attract more biotechnology and
  pharmaceutical businesses (Medill Reports)
  http//news.medill.northwestern.edu/chicago/news.a
  spx?id92909
• Florida Investing Heavily in Biotechnology -
  Governor uses state funds to attract large
  biotech companies (Bio-Medicine.org)
  http//www.bio-medicine.org/biology-technology/Fl
  orida-3A-Investing-Heavily-in-Biotechnology---Gove
  rnor-uses-state-funds-to-attract-large-biotech-com
  panies-5013-1/
• Biotech Industry Grows Where Pieces Are in Place
  (ExpansionManagement.com) http//www.expansionman
  agement.com/cmd/articledetail/articleid/15575/defa
  ult.asp
• States Ramp Up Biotech Sweepstakes (Site
  Selection Magazine) http//www.siteselection.com/
  issues/2004/jan/p069/
• GROWING A BIOTECH INDUSTRY Mid-Atlantic states
  compete to boost biotech industry fortunes and
  create jobs (American Chemical Society)
  http//pubs.acs.org/cen/employment/8107/8107employ
  ment.html
• Critical Factors in Attracting New Business and
  Industry in Oklahoma (Oklahoma State University
  Cooperative Extension Service)
  http//pods.dasnr.okstate.edu/docushare/dsweb/Get/
  Document-1794/AGEC-862web.pdf
• What New York City Has Done to Attract
  Biotechnology Labs (New York Times)
  http//query.nytimes.com/gst/fullpage.html?res9B0
  5E7DD123EF932A35752C0A962958260
• National Biotechnology Conference Highlights The
  'Florida Model' For Economic Development
  (Planetizen.com) http//www.planetizen.com/node/1
  9999

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• What nobler employment, or more valuable to the
  state,than that of the man who instructs the
  rising generation. - Marcus Tullius Cicero