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Ohio's Bioscience Industry Ranks Among Top in the Nation
Date:7/30/2008

Business Facilities Magazine Ranks Ohio 4th in Nation for Bioscience

Strength

COLUMBUS, Ohio, July 30 /PRNewswire/ -- Ohio ranks best in the Midwest and 4th in the nation for its strengths in the bioscience industry according to a new report released by Business Facilities Magazine. The report ranks states based on their number of bioscience facilities, R&D funding, venture capital investments, employment, bioscience-targeted tax exemptions, university grant funding and higher education degrees.

(LOGO: http://www.newscom.com/cgi-bin/prnh/20071107/CLW113LOGO )

According to the Ohio Business Development Coalition, the nonprofit organization that markets the state for capital investment, the report reinforces Ohio's standing as a national leader in the bioscience industry.

"Ohio has created an ideal environment for establishing and growing a bioscience business," said Tony Dennis, president and CEO of BioOhio, a non- profit organization designed to build and accelerate bioscience industry, research and education in Ohio. For businesses, the benefit is a critical mass of like-minded bio-businesses and research universities, and a highly qualified workforce. For executives, the state's vast educational and recreational opportunities make Ohio particularly attractive both professionally and personally."

The report's authors concluded, "every state that placed in the top 10 of this year's ranking should be considered a biotechnology leader."

As of December 2007, Ohio's total bioscience entities grew to at least 818. Capital investments, which topped $1 billion in 2006 alone, accelerated Ohio's bioscience growth by nearly $100 million, or eight percent, compared to 2005.

Based on the color model established by European bioscience leaders, Ohio's strength in the Red (health), Green (agriculture) and Wh
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SOURCE Ohio Business Development Coalition
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