Biotechnology--a new tool for economic development. (On First Reading).You've heard of the Rust Belt Rust Belt or Rustbelt, economic region in the NE quadrant of the United States, focused on the Midwestern (see Midwest) states of Illinois, Indiana, Michigan, and Ohio, as well as Pennsylvania. and the Bible Belt Bible belt n. Those sections of the United States, especially in the South and Middle West, where Protestant fundamentalism is widely practiced. Bible belt , but do you know about the "Biotechnology Belt?" States are forming clusters of biotechnology research laboratories and companies to meet potential demands for products and as a unique means of economic development. Michigan will spend $1 billion over the next 20 years to create a life sciences corridor. Kentucky has set up a "Bucks for Brains" program to lure biotechnology stars to its universities by supplementing their salaries. Wisconsin is investing $65 million of its public employee pension funds in life science companies. Michigan's pledge to spend $50 million per year for 20 years "tells industry, academics and private investors of the state's seriousness in becoming a national biotechnology center," says Senator Dianne Byrum Dianne Byrum is a former Democratic politician from the U.S. state of Michigan. She resides in Onondaga Township in Ingham County. She is now a partner with Byrum & Fisk Advocacy Communications[1], an East Lansing, Mich. . Twenty-two companies either moved to the state or started a new business during 2001, compared to almost none when the program began a few years ago. Pennsylvania plans to spend $2 billion of its tobacco money on biotechnology, committing $100 million to establish business incubators. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of allocated $225 million for a biotech research program. And Assembly Speaker Sheldon Silver Sheldon Silver (born February 13, 1944) is a politician and member of the Democratic Party, currently serving as Speaker of New York State Assembly. Personal life An Orthodox Jew of eastern European descent, Silver has lived all his life on Manhattan's Lower East Side. has earmarked $5 million in the capital projects fund as seed money for a $90 million project to convert lower Manhattan office space into a biotechnology center. Recruiting biotechnology companies is big business. To date, 41 states have some program aimed at economic development related to the life sciences, according to the Biotechnology Industry Organization Biotechnology Industry Organization or BIO was founded 1993 in Washington, DC. James C. Greenwood is BIO's current President. External links
The biotechnology bandwagon holds high-paying jobs for constituents. The country's 1,457 biotechnology companies employ 191,000 people. |
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