Tuesday, January 19, 2010

What Makes Ohio THE Place for Bioscience Companies?

When you think Ohio, do you think Bioscience? If not, you may need to change how you think about our state.

bioscience industry has grown substantially over the years. As the role of technological sciences has grown, so too has Ohio's position as a national leaders in the industry.

In 1991, 170 bio-related companies called Ohio home.Today,our state is home to at least 1,141 bioscience-related entities, an increase of almost 40% from 2007.

Ohio's bioscience industry has seen so much success that Business Facilities magazine ranked the state 4th nationally when measuring each state's biotech strengths. That's because Ohio is home to globally recognized companies such as Battelle, Abbott Nutrition, Cardinal Health, Procter & Gamble, Charles River Labs, Meridian Bioscience, Ethicon Endo-Surgery, STERIS, Boehringer Ingelheim's Ben Venue Laboratories, and Roxane Laboratories, as well as Kendle International and Philips Medical.

Our state is also a great place for start-ups companies, which are benefiting from partnerships with industry leaders and Ohio universities. With more than $1.1 billion in university research and development, Ohio academic research funding for the biosciences are nearly four times that of 1991. Our primary bioscience sectors apply technology and service to a variety of market needs including:

o Medical equipment including devices and diagnostics

o Imaging

o Research

o Agbio

o Pharmaceauticals

Companies are choosing Ohio more often because we have the location and tools needed for long-term success. Ohio has the lowest tax rate in the Midwest, making the state an appealing choice for bioscience companies. Add in an educated workforce from the state's more than institutes of higher education, and Ohio is THE place to be for bioscience innovation.


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