Ohio Ranks Best in the Midwest for Venture Capital Investment in Health Care Bioscienc...(distinctive combination providesexecutiv...)
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distinctive combination provides executives the resources and time to pursue both their professional goals and personal aspirations without having to compromise one for the other. Ohio truly is the state of perfect balance."
The state's strong support for biotech and health care related bioscience companies is a result of Ohio's strengths and leadership in the three main bioscience industry sectors defined as Red (health), Green (agriculture) and White (industrial), according to the OBDC. Ohio's encouragement of cross- collaboration among the Red, Green and White industries uniquely positions the state to provide national leadership in all areas of bioscience.
"Ohio's bioscience community continues to grow, resulting in increased capital investment and new, high-paying jobs for Ohioans," said Burghard.
With more than $1 billion in funding and 775 bioscience entities operating throughout the state, Ohio is establishing an international leadership role in the cutting-edge bioscience industry. The Red, Green, White model is based on the three main bioscience industry sectors established by European bioscience leaders. Ohio's Red, Green and White bioscience entities generate more than $5.2 billion in direct economic impact and employ more than 37,000 skilled workers.
Ohio also has a budding culture of collaboration between entrepreneurs and large companies thanks in large part to the Third Frontier Project, a $1.6 billion initiative to help catalyze connections between companies and academia.
About the Ohio Business Development Coalition
The Ohio Business Development Coalition is a nonprofit organization that provides marketing strategy and implementation to support Ohio's economic development efforts. For more information, visit http://www.ohiomeansbusiness.com.
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SOURCE Ohio Business Development Coalition Copyright©2007 PR Newswire. |
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