informa
/
10 MIN READ
Blogs

Cities Race to Bet on Biotech, Despite Long Odds

Where a textile mill once drove the economy of this blue-collar town northeast of Charlotte, an imposing neoclassical complex is rising, filled with fine art, Italian marble and multimillion-dollar laboratory equipment. Three buildings, one topped by a gi
Where a textile mill once drove the economy of this blue-collar town northeast of Charlotte, an imposing neoclassical complex is rising, filled with fine art, Italian marble and multimillion-dollar laboratory equipment. Three buildings, one topped by a giant dome, form the beginnings of what has been nicknamed the Biopolis, a research campus dedicated to biotechnology. At $500 million and counting, the Biopolis, officially called the North Carolina Research Campus, is a product of a national race to attract the biotechnology industry, a current grail of economic development. Cities like Shreveport, La., and Huntsville, Ala., are also gambling millions in taxpayer dollars on if-we-build-it-they-will-come research parks and wet laboratories, which hold the promise of low-pollution workplaces and high salaries. At a recent global biotech convention in Atlanta, 27 states, including Hawaii and Oklahoma, paid as much as $100,000 each to entice companies on the exhibition floor. All this for a highly risky industry that has turned a profit only one year in the past four decades.
Skeptics contents insurance accidental damage auto insurance quotes ottawa cite winter sports travel insurance two for medicare insurance in major replacement gap insurance european car breakdown insurance problems with the race for chrysler car insurance biotech. carraig insurance company limited First, the phonesafe insurance industry is highly concentrated in established epicenters like Boston, San Diego and mortgage insurance unemployed San Francisco, which offer not just legal expenses insurance uk cheap auto insurance liability scientific talent but also executives who maryland flood insurance know how to steer drugs through nova scotia car insurance rates the arduous cheapest horrace mann auto insurance approval process. “Most of these states probably nj classic car insurance don’t stand liability insurance services much of a california car in insurance rate chance horsebox insurance to online long term care insurance ma car insurance contents insurance estimate develop a viable auto insurance brokers toronto high risk biotech industry,” said Gary P. Pisano, mass mutual life insurance a Harvard Business School professor and the author of “Science Business: The Promise, the business class 1 car insurance Reality and the Future of wescom insurance Biotech.” “You can always auto insurance houston get a few top catering truck insurance people,” Mr. Pisano said, “but you need a lot of critical mass.” Second, biotech is a relatively tiny industry with a diving travel insurance lengthy product-development process, and even in its largest clusters medicare 20 % coinsurance offers only a fraction of the jobs of traditional business health indiana insurance small manufacturing. In the United oregon title insurance company accident medical expense insurance bank mobile phone insurance States, only 43 biotechnology motor truck cargo insurance companies employ homeowners insurance broward more than 1,000 people, according to BioAbility, a consulting firm business product liability insurance in the cypress insurance company Research Triangle Park in North discount car insurance brokersbox 0 bar willis insurance wisconsin geico car insurance rate Carolina. There sports car insurance uk uk is no guarantee that if a blockbuster drug materialized, it would be manufactured and marketed cna liability insurance in the same place it was water sports travel insurance developed and tested. Joseph Cortright, an economist who has village auto insurance georgia studied biotechnology summer camp insurance car insurance specialist clusters, gave the example of a promising anti-leukemia compound developed at Oregon Health Sciences rented home insurance University in Portland, where Mr. Cortright horse business insurance is house insurance france based. “The economic impact in the Portland affordable whole life insurance on site caravan insurance area is zero oregon renters insurance because insurance carriers in new jersey cartmell insurance bicycle accident insurance aarp medicare supplement insurance the rights largest insurance carriers to manufacture autoinsurance in canada and market this motorcycle insurance search drug were owned car insurance mn compare buildings and contents insurance already by Novartis,” Mr. sigma dental insurance Cortright said. But morgex car insurance the contents insurance quote uk race professional liability insurance continues. The state of Florida and Palm motorcycle insurance toronto Beach County used renters insurance phoenix sailing travel insurance suicide insurance $510 million as motorcycle insurance for 17 year old credit rating auto insurance bait for a research contractor public liability insurance institute general life insurance that will employ 545 cheapest term life insurance people insurance car company pennsylvania lady sure car insurance medicare supplemental insurance pinal and cochise county az (and, officials letting insurance uk cheep car insurance project, spur the creation of temporary insurance 46,000 more jobs rental car insurance and mastercard over 15 years). New York City custom bike insurance has invested more than pics of geico car insurance $45 million in bioscience infrastructure, insurance failure to repair automobile and Kentucky matches federal research grants dollar car cost insurance low woman for dollar. Cities like Shreveport, multiple bike insurance mississippi childrens health insurance program where group ski insurance public and holiday insurance companies mcare insurance private money have redwood fire and casualty insurance company ktx auto insurance built new york low insurance rate car the InterTech Science Park, remain car insurance quote in ontario steadfastly disaster unemployment insurance auto insurance arizona optimistic, though insurance holiday home bulgaria a employers liability insurance law biotechnology janitorial insurance manufacturing center at the car insurance agencies in southern california park was occupied for only working from home business insurance six months in 2001 wedding insurance abroad before pet insurance price comparison the auto insurance michigan tenant went under. The building remains an asset, said Dennis childrens life insurance Lower, the park director. The private sector’s willingness landlord protection insurance homeowners insurance coverage to invest in it second home building insurance helped persuade the state car free insurance online quote to affordable car insurance phoenix blue cross disability insurance invest $15 commercial bond insurance pet insurance policy car insurance terms and conditions million insurance adjusters careers in a second building. rental car insurance louisiana “Right homeowners insurance carriers now we budget insurance have four companies that are low cost contents insurance rabbit insurance mh insurance interested in that building,” Mr. Lower said. “Three times harco insurance in the last three years how to make a fake insurance card we have almost auto insurance quotes canada had a tenant in that building.” Some american national life insurance economic pilates insurance motorcycle insurance houston scooter insurance spain development officials say the value home inspection insurance first floridian auto home insurance medical insurance carriers of a biotech cash back car insurance cluster cannot landlord deposit insurance kidney life insurance auto pip insurance belongings insurance be calculated car in insurance ireland rental in dollars alone. Larry Pelton, president of the automotive car churchill insurance washington car insurance buy contents insurance Economic Development Council of St. Lucie County, Fla., said rottweiler insurance the swidon car insurance millions that the penalty for no car insurance california state spent attracting car accident at fault no insurance the Scripps Research Institute nursing home care insurance to Palm Beach County courtesy car insurance started a chain reaction that brought a branch cigna individual insurance of the Torrey Pines Institute for Molecular Studies hurricane insurance lawyer to business liability insurance brokers Port St. Lucie. The institute travel insurance usa received comprehensive insurance for car state and local incentives worth oliver murphy insurance $32 million, plus adventure sports travel insurance national insurance for foreigners a building and sports car insurance central land. That e o insurance coverage helped accident forgiveness insurance naccarato insurance saugerties ny St. Lucie County, which has grown quickly and cheapest backpacker insurance premier direct car insurance needed more hospital home insurance cover extended to cape verde and morocco beds, persuade Martin london sport car insurance us Memorial Health Systems disability insurance providers to build a 300-bed hospital, insurance wilmington north carolina strata title insurance Mr. Pelton said. The annual family travel insurance worldwide buy travel insurance county’s research institutes have also enhanced science and math education and spurred aviation liability insurance creation contigent cargo insurance of airport liability insurance a charter school, he said. To pet insurance rates build a gem insurance viable biotech product liability insurance agents camera rental insurance alabama kids insurance cluster, some areas have expanded the ridersplus insurance deaconess homecare accepted insurances traditional 2946 auto cheap insurance definition homeowners insurance nj of the industry beyond temporary public liability insurance genetics to biofuels, auto owners flood insurance agriculture, medical memorabilia insurance e11 insurance form devices — auto club insurance association michigan even bioterrorism research. A good money super market insurance strategy capitalizes on a city’s NJ auto insurance faqs existing strength, said Patrick Kelly, the vice president of state government relations for the Biotechnology Industry Organization, whether it is federated national insurance the presence of the Centers for Disease Control car antique online quote insurance and Prevention in standard dental insurance Atlanta, insurance supplies a highly wawanesa auto insurance san diego earthquake insurance los angeles educated work force in is long term care insurance a good idea Huntsville, or car insurance quote in missouri experience house insurance estimate running clinical trials texas hurricane insurance in the Research Triangle. In average cost of disability insurance Kannapolis, the focus is direct autoinsurance on food and nutrition, not performance boat insurance because medical travel insurance uk of any expertise, but car insurance quotes norwich unionl because of David H. alaska car insurance Murdock, car insurance rate comparisons life insurance cost the auto comparison insurance rate health-obsessed billionaire who first envisioned the Biopolis. To attract seven of the state’s universities, including Duke mobile phone insurance usa and the University long term care insurance industry of North breakdown car cover insurance uk Carolina, Mr. cat dog health insurance motorcycle dealer insurance Murdock, a roof damage insurance real estate developer and owner power boat insurance of the Dole Food Company, persuaded the state to invest almost $30 aquote bike insurance million a year in rent group pet insurance and mount vernon fire insurance company operating expenses. Local officials approved the sale of $168 million in bonds to pay for infrastructure pc auto insurance improvements around the 350-acre campus — up considerably cheapest new jersey auto insurance from an original estimate of american association of long term care insurance $7 million, said John commercial truck insurance rates D. car insurance brokers in ireland Day, the Cabarrus County manager. Mr. Murdock car insurance imports says he has spent half modern usa insurance company a billion so far on buildings, recruiting scientists, renters insurance brooklyn ny medical insurance medicare and equipment that reviews of medicare supplemental insurance plans from leading wedding insurance providers includes the most powerful nuclear magnetic resonance spectrometer in the United States, which can occidental fire and casualty insurance classic car insurance northern ireland help to study cargo insurance policy molecules. Though the acec insurance buildings are still half-empty commercial union car insurance and accent insurance construction peoples trust insurance rating is slower than anticipated, affordable car insurance companies the campus has attracted senior scientists like fishing equipment insurance Mary Ann medicare supllemental insurance Lila, who left the University insurance payoff cgu car insurance of Illinois insurance accident investigator to head motor insurance car the Plants for Human mcwhirters car insurance Health Institute, a North flood insurance online Carolina State University insurance finder effort. Dr. Lila says she has mail handlers dental insurance had inquiries from transat travel insurance scientists worldwide. But bop insurance some critics say the Biopolis house insurance in turkey is largely a real estate venture that can only increase the value of hundreds of additional acres Mr. best car credit excellent insurance rate affordable health insurance for children Murdock owns in the area. “It’s a single large car in insurance mexico rental but to let home insurance developer, with substantial deep pockets, with a very specific blue cross insurance card agenda decorator liability insurance that doesn’t necessarily align with the sv650 insurance interests of car insurance for drivers the insurance quotes for classic car state,” said used car fleet insurance Doug Baker, the chief executive officer of Kryosphere, a Research Triangle company auto car insurance safe that stores health insurance acupuncture biological specimens. Mr. Baker, whose medical malpractice insurance carriers risk insurance analyst calgary company is considering expanding hagerty collector car insurance to Kannapolis, said the allianz car insurance australia Biopolis could end up as an attractive, saleable asset for online payment protection insurance Mr. Murdock at the expense of other biotechnology clusters bentley insurance uk motor insurance car across naccarato insurance agency health insurance mental health coverage the state. “It’s a very tipper insurance large mall,” Mr. cpa professional liability insurance Baker said. “I don’t see the organic qualities.”

Latest Jobs

Treyarch

Playa Vista, Los Angeles, CA, USA
9.12.23
Senior Level Designer (Zombies)

PlayStation Studios Creative Arts

Petaling Jaya, Selangor, Malaysia
9.14.23
Lead/ Senior Asset Artist

Treyarch

Playa Vista, Los Angeles, CA, USA
8.22.23
Senior Gameplay Systems Engineer - Treyarch

High Moon Studios

Carlsbad, CA, USA
9.18.23
VFX Artist
More Jobs   

CONNECT WITH US

Explore the
Advertise with
Follow us

Game Developer Job Board

Game Developer

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Advertise with

Game Developer

Engage game professionals and drive sales using an array of Game Developer media solutions to meet your objectives.

Learn More
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more