North Carolina makes a bold plan for biotech

Wednesday, February 11, 2004

North Carolina's has released a plan that sets a bold goal: 100,000 bitoech jobs in the state in 20 years (by 2023).

North Carolina starts with some impressive momentum. The state is home to more than 150 biotechnology companies, employing 18,500 and generating $3 billion in sales.

Operating costs are up to 30% lower in Noorth Carolina than in competitive locations like Massachusetts and California.

And the Golden LEAF Foundation, which distributes some of the money the state receives from the national tobacco settlement, has committed $64.5 million to build a statewide training network in biomanufacturing, starting with two universities and some community colleges.

You can review the executive summary of the plan, prepared by the North Carolina Biotechnolgy Center. Go.

posted by Ed Morrison |

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