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Thursday, January 28, 2010
ix years ago Florida began a spending spree on biotechnology, paying out $1.5 billion to eight companies that employ a combined 1,100 people — or an average of $1.4 million per job.
That’s an eye-popping figure to be sure. Even more jarring, though, is that we’re not done yet. The reality is that the state will need to continue to heavily invest in this sector if it ever hopes to become home to a collection of true biotechnology clusters.
A new report by the state’s Office of Program Policy Analysis & Government Accountability confirmed what many already suspected: the economic downturn has severely hampered the already arduous process of cluster development.Read Full Article
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