Navigation Links
Governor Corbett Presented 2013 Biotechnology Industry Organization Governor of the Year Award
Date:4/23/2013

CHICAGO, April 23, 2013 /PRNewswire-USNewswire/ -- Governor Tom Corbett was honored today by the Biotechnology Industry Organization (BIO) with its 2013 BIO Governor of the Year Award in recognition of his leadership and commitment to strengthening the biotechnology and public health sectors within Pennsylvania.

Corbett received the award today at the 2013 BIO International Convention in Chicago, Ill.

"This recognition from the Biotechnology Industry Organization acknowledges efforts by my administration to strengthen and further build the life sciences industry in Pennsylvania," Corbett said.

"By supporting initiatives that stimulate growth within the industry – from helping entrepreneurs quickly transform ideas into commercial products to supporting the establishment and expansion of biotech companies – we are ensuring the biotech economy will continue to grow and flourish in Pennsylvania.

"We are proud to continue to serve as a national leader of how to unlock the best of what the life sciences industry has to offer," Corbett said.

In 2011, Corbett assembled a Life Sciences Leadership Advisory Council, with representation from the Pennsylvania legislature, the administration, academia, industry and the investment community, to develop a 10-year strategic plan to strengthen the industry.

Through a series of meetings and analysis, the council identified Pennsylvania's competitive advantages and opportunities to enhance the industry's strength and to facilitate future job creation.

Corbett has since taken many of the recommendations from the council as guidance for future policies, including:

  • The Corbett administration continues to fund the Research and Development Tax Credit to $55 million while preserving tradability of the credit for immediate capital for companies not yet profitable.
  • The governor introduced a tax reform package that includes a phased increase of the Net Operating Loss deduction cap, a phase-down of the Corporate Net Income Tax and the continued phase out of the Capital Stock and Franchise Tax.
  • The administration has also named a Life Sciences Ombudsman to help the industry navigate through the complexities of government.

Corbett also continues to support the state's private sector partners and programs that are helping to grow the life sciences in Pennsylvania. This includes the administration's Discovered in PA – Developed in PA program, which has helped local organizations establish and anchor their operations in the commonwealth and the state's three Life Sciences Greenhouses, which in the last two years alone have aided in the creation of 32 new bioscience firms. The Greenhouses have the proven success of 156 new companies formed, 3,465 jobs created and 2,227 jobs retained.

"Governor Corbett and his administration have developed and promoted some of the industry's best programs and standards, helping Pennsylvania stand tall among our nation's greatest biotech hubs," Jim Greenwood , president and chief executive officer of BIO said.

"By enhancing the business environment to support the capital intensive processes of research and development, as well as growing innovation companies facing significant start-up costs, Governor Corbett is creating an environment favorable to business and research and development. He's positioning Pennsylvania as a valued leader within the industry," Greenwood said.

"We at Pennsylvania Bio are thrilled that Governor Corbett's efforts to help build a sustainable, state-wide biotech community are being recognized by BIO," Chris Molineaux , President of Pennsylvania Bio said.

"By assembling a task force of industry, academia, trade organizations and the legislature through the Life Sciences Leadership Advisory Council, Governor Corbett has shown his long-term commitment to implementing policies that enable organizations to obtain the resources required for establishing and building a strong biotech economy,'' Molineaux said.

For more information about Governor Corbett, visit www.pa.gov.

For more information on the 2013 BIO International Convention, visit http://convention.bio.org/

Media contact: 

Kelli Roberts ; Governor's Office, 717-783-1116


'/>"/>
SOURCE Pennsylvania Office of the Governor
Copyright©2012 PR Newswire.
All rights reserved

Related biology news :

1. The Brain Prize 2012 is presented May 9th
2. The International Society for Advancement of Cytometry presented its 2012 awards at CYTO 2012
3. Swedish research useful to Brazilian society, presented by Lund University in São Paulo on 5 Dec. 2012
4. Pierre Delmas Award presented in Rome to Professor Socrates Papapoulos
5. Inaugural IOF Olof Johnell Science Award presented to Professor Harry Genant
6. New findings on tree nuts and health presented at the Experimental Biology Meeting in Boston, Mass.
7. NYU School of Medicine presents 2012 Dart/NYU Biotechnology Achievement Awards
8. How will the US biotechnology industry benefit from new patent laws?
9. 2012 AAPS National Biotechnology Conference heads to San Diego
10. AAPS National Biotechnology Conference to highlight innovative vaccines
11. Early Bird Discounts Available on International Healthcare and Biotechnology Conferences, Save Up To $600 with Global Information
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... PUNE, India , February 10, 2016 ... --> According to 2016 iris ... fingerprint identification iris recognition is more widely ... are available with both fingerprint and iris ... allows the user to avoid purchasing two ...
(Date:2/4/2016)... , Feb. 4, 2016 The field ... one of the most popular hubs of the ... and other huge studies of human microbiota, have ... few years, the microbiome space has literally exploded ... research. This report focuses on biomedical aspects ...
(Date:2/2/2016)... 2016  BioMEMS devices deployed in hospitals ... medical screening and diagnostic applications, such as ... that facilitate and assure continuous monitoring without ... being bolstered through new opportunities offered by ... coupled with wireless connectivity and low power ...
Breaking Biology News(10 mins):
(Date:2/11/2016)... , February 11, 2016 ... Corporation ("PositiveID" or "Company") (OTCQB: PSID), a life ... today that its Thermomedics subsidiary, which markets the ... its growth plan in January 2016, including entering ... increasing sequential monthly sales growth, and establishing several ...
(Date:2/10/2016)... - BioAmber Inc. (NYSE: BIOA ), a leader ... & Co. Ltd., its partner in the ... an additional CDN$25 million in the joint venture for ... to 40%.  Mitsui will also play a stronger role ... Sarnia , providing dedicated resources alongside BioAmber,s ...
(Date:2/10/2016)... York, New York (PRWEB) , ... ... ... Pharmaceuticals Inc. (NASDAQ: REGN) today announced that it has joined the Human ... and immunotherapies for infectious diseases and cancer. , The Human Vaccines ...
(Date:2/10/2016)... ... February 10, 2016 , ... HOLLOWAY ... of Pharmaceutical Engineering (ISPE) Rocky Mountain Chapter 21st Annual Vendor Exhibition on Thursday, ... more than 100 tables for its annual event, which will run from 3:00 ...
Breaking Biology Technology: