Wednesday, March 19, 2003
Colorado is the latest state to come up with a plan to promote biosciences. The plan calls for tax incentives, better technology transfer programs and a privately managed bioscience seed fund. Learn more.
Here are the six major recommendations:
• Enact a package of tax incentives, to be triggered as the state economy improves, to support the growth of Colorado's bioscience companies.
• Review and ensure that state Medicaid policies relating to pharmaceuticals do not discourage building the bioscience industry in Colorado.
• Use the Colorado Institute of Technology to work with industry to identify and address emerging bioscience work force needs at all levels.
• Create a privately managed Colorado Bioscience Seed Fund and encourage a bioscience focus for angel investor networks.
• Enact legislation that would use state tax credits to guarantee investments in a "fund of funds" that would invest in private venture capital companies willing to invest in Colorado companies.
• Explore opportunities to establish plant- and animal-based pharmaceutical and neutraceutical production within Colorado.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Colorado's biotech plan released
