Saturday, April 17, 2004
Over the next three to five years, Florida will beinvesting up to $1 billion -- or about 1% -- of the state employee pension fund in biosciences. The money will be divided among four money management firms. These firms will, in turn, invest in venture capital firms.
The announcement comes on top of Florida's succesful campaign to attract the expansion of Scripps Research Institute. The state and Palm Beach County have committed to spending $510 million on land for a Scripps laboratory, along with equipment, top scientists and operational expenses for seven years.
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.
If you are using a news reader, here is the link to syndicate this site:
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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.
Florida increases the stakes in biosciences
