Tuesday, October 09, 2007
Developing a cluster of businesses in the life sciences is not for the faint hearted.
This recent article out of San Francisco underscores how long it takes. The biotech industry is been around for over 30 years in the Bay Area.
It took 28 years for the biotech industry to generate $50 billion in revenues. Now growth is accelerating and analysts expect the revenues will double by the end of the decade. In short, biotech is the miracle that took a generation to happen. Read more.
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.
If you are using a news reader, here is the link to syndicate this site:
Here's the link if you are a bloglines subscriber:
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.
Biotech in the Bay Area
