Rhode Island Dubbed "Biotech Hub" in BioWorld Report
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BioWorld's Summer 2009 Expansion and Relocation report has named Rhode Island one of the top six biotech hotspots in North America. The report called Rhode Island a "small state with a big appetite for biotech and a large menu of agendas to attract bio-entities into its borders."
The report also noted the state's competitive R&D credits and economic development initiatives, such as the Rhode Island Science and Technology Advisory Council, that encourage growth in the life sciences industry. The state's central location in the Northeast's I-95 corridor as well as its small size (which, the report notes, encourages the collaborative nature of the state) added to Rhode Island’s biotech appeal.
The 2009 guide marks the third consecutive year Rhode Island has been included as one of the top biotech spots in North America. Joining Rhode Island in the report were Florida, Washington D.C., Georgia, Pennsylvania and Edmonton, Alberta, Canada locations.
The BioWorld report is a showcase of leading Bioscience-friendly locations for business relocation and expansion. Locations are ranked on criteria including site selection, tax credits, location and incubator, funding and research opportunities.