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Rapidly Expanding Ohio Bioscience Industry Drives New Workforce Training Program
Date:10/30/2008

en Venue has made in Bedford has allowed the facility to:

-- Expand from 220,000 square feet to 920,000 square feet.

-- Increase total employees from 450 to nearly 1,200.

-- Grow the site from 13 acres to 33 acres.

"In order to ensure that we are able to continue to grow and meet the needs of our customers, we will need to continue to attract top talent to Northeast Ohio," Murphy said. "Human capital will play the biggest role in our success in the future."

Ohio ranks best in the Midwest and 4th in the nation for its strengths in the bioscience industry according to Business Facilities Magazine. Cleveland is the hub of Ohio's job growth in bioscience, representing about 20,000 jobs with an average salary of $48,000 a year. Nearly half a million dollars in state funds are paying for the bioscience training program.

"Major bioscience industry employers find Ohio a great fit because of the availability of capital investment, including 58 health care venture funds and investments of over $326 million over the last five years from the Ohio Third Frontier program. That, coupled with both close market access and ease of exporting internationally, as well as sweeping tax reform recently enacted in Ohio, is driving new business opportunities throughout the state," said Ed Burghard, executive director of the Ohio Business Development Coalition.

"Business leaders are realizing how, in Ohio, they're able to find a perfect balance between successfully growing a business and pursuing their personal dreams," said Burghard, "Business owners profit from the bottom-line benefits of better work-life balance for their employees. Ohio offers low-cost, low stress communities in a combination of micropolitan and metropolitan cities. This diversity provides executives and employees the resources and time to make any ambition achievable. Ohio truly is the state of perfect balance."

About the Ohio Business Development Coalition <
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SOURCE Ohio Business Development Coalition
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