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Wednesday, January 18, 2012
Some $10 million will fund a life-sciences package that could go toward supporting research at colleges or businesses.
Lt. Gov. Bill Bolling, the state’s chief jobs-creation officer, said Virginia has completed 671 business deals since the start of the administration. But life sciences and biotechnology — Maryland’s bread and butter — are areas where the state intends to step up its efforts.
“There, frankly, are a lot of states around the country over the course of the past several years who have been a lot more aggressive in the area of biotechnology and life sciences than we’ve been,” he said. “Places like Massachusetts and Texas and Pennsylvania, even Maryland has been much more — well, I shouldn’t say ‘even’ Maryland.”
“Maryland,” the governor chimed in.
“Maryland has been much more aggressive in some of these biotechnology, life sciences areas,” Mr. Bolling said.
The quality of Virginia’s health care facilities, its universities and pharmaceutical companies make it primed to expand in those field, Mr. Bolling said.
“We believe this is a sector we can compete in more effectively than we have in the past,” he said. “Some of these new and emerging biotechnology and life-sciences companies that we’ve had a hard time tracking, frankly, we’re going to get in the game on those, because it is a growing area of the economy.”
Mr. McDonnell, who has consistently said he wants Virginia to be the “Energy Capital of the East Coast,” also proposed $500,000 to go toward offshore wind-energy development — another of Maryland Gov. Martin O’Malley’s legislative priorities in the coming General Assembly session.
The largely friendly regional rivalry between Maryland and Virginia took a sharper political edge last year, when Mr. McDonnell and Mr. O’Malley took the reins as chairmen of their parties’ respective governors associations.
Virginia famously beat out Maryland, as well as the District, to lure defense contractor Northrop Grumman’s headquarters in 2010, thanks in part to an incentives package worth between $12 million and $14 million. Last year, engineering giant Bechtel announced it was moving its corporate headquarters from Frederick to Fairfax, bringing with it 625 jobs and an $18 million investment.
posted in: EmployerNews, Maryland, News, Virginia
Thursday, February 18, 2010
A subcommittee of the Virginia House of Delegates last week recommended approval by the full Appropriations Committee of the bill awarding $22 million in state funds to the Ignite Institute, which is establishing a research center in Fairfax County focusing on translation of personalized medicine discoveries.
The Subcommittee on Economic Development, Agriculture and Natural Resources passed the recommendation unanimously, 8-0. The funding would be awarded in annual $5.5 million installments between the 2012 and 2015 fiscal years under House Bill 677, the Specialized Biotechnology Research Performance Grant Program introduced by Del. Joe May (R-Leesburg).Read Full Article
Friday, January 29, 2010
Huntington, West Virginia-based Huntington Area Development Council (HADCO) continues to take initiatives to support creation of new biotech jobs.
HADCO, which was created in 1992 as a public/private partnership, is working with Marshall University in getting contacts to help occupy three new labs that will be included in a biotech incubator, housed in Marshall’s new Forensic Science Center Addition.
The mission of the Council is to attract new employers to Cabell and Wayne Counties, West Virginia, to retain existing employers, and to help all employers expand their businesses.Read Full Article
Saturday, November 21, 2009
Even as Washington policymakers struggle to reform the country’s health-care system, about 20 miles away in Fairfax County, Dietrich Stephan is hatching a plot to revolutionize it.
The current system, as everyone knows, is the world’s costliest machine for healing you when you get sick, largely by using drugs and devices and surgical procedures that have proven themselves effective with most other people with the same ailment. But what if there were a way, based on your genetic makeup, to anticipate whether you’re likely to come down with cancer, heart disease or Alzheimer’s and prevent it with a fix specially designed for you?Read Full Article
Tuesday, October 13, 2009
Scientists, engineers and business people from across Southwest Virginia will converge in Blacksburg next month to discuss and discover the life sciences industries affecting the nation and region.
The two-in-one event, scheduled for Oct. 13 at The Inn at Virginia Tech and Skelton Conference Center, begins with a discussion of current events. This event, dubbed the Biotech Town Hall, runs from 5 to 6 p.m.
The Biotechnology Industry Organization, a national trade group, is sending Patrick Kelly, its vice president of state government relations, to outline the most pressing issues facing the biotech industry.Read Full Article
Wednesday, September 23, 2009
Virginia lawmakers have created a $3 million set of tax credits for investors who put money into technology or biotechnology companies.
To receive the credits, both companies and investors must register by the end of December.
Half the Virginia fund is reserved for biotech and tech spinoffs from Virginia Universities.Read Full Article
Thursday, September 10, 2009
Scientists at Virginia Tech will use a three-year, $1.4 million grant from the National Science Foundation to expand GenoCAD — a user-friendly software package that enables scientists to design genetic constructs using a genetic “parts list.”
The grant, awarded through the American Recovery and Reinvestment Act to the Virginia Bioinformatics Institute’s Synthetic Biology Group, supports continued development of GenoCAD’s web-based computer-assisted design environment.
Principal investigator Jean Peccoud, who leads VBI’s Synthetic Biology Group, told BioInform via e-mail that the grant will allow the team to “significantly scale up our effort,” and said he would like to be able to release new versions of GenoCAD on a quarterly basis.Read Full Article
Tuesday, September 08, 2009
VIENNA They are the 21st-century’s white-coat warriors: biotech researchers determined to create cutting-edge drugs from living organisms. The resulting medicines, called “biologics,” typically take over 20 years and $1.2 billion to develop.
Successful drugs can work wonders. There are biologics currently on the market treating cancer, multiple sclerosis, and a host of other illnesses. And with about 600 biologics in the pipeline around the country, more medical miracles might lie just over the horizon.
It’s not an exaggeration to say that we safeguard our own health by safeguarding the health of biotechnology research.Read Full Article
Sunday, August 23, 2009
CHARLOTTESVILLE — Power plants produce energy by burning coal. Human beings burn a compound called adenosine triphosphate, or ATP for short. And while power companies struggle to find ways to deal with the byproducts of combustion, evolution solved that problem for humans long ago. The human body not only recycles the byproducts of ATP, it has found other uses for them as well.
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One of these molecules – adenosine – is produced when cells under stress burn lots of ATP. Accordingly, it has been adapted by the body as a cell-signaling agent, to help the body deal with inflammation and injury. Because receptors for adenosine are found on virtually every cell type in the body, its therapeutic potential for treating diseases like diabetes, atherosclerosis and arthritis is vast.Read Full Article
Monday, August 17, 2009
Even in the halcyon glow of economic prosperity, the American workforce is constantly transforming. Many economists expect the recession will only accelerate the long-term trends of automation, outsourcing, and the march of workers toward jobs in the service sector. The nation is now looking for ways to preserve resources, conserve energy, and reduce the 304 million or so environmental footprints of its residents. And the aging of the baby boom generation will continue to create need for healthcare services.
Some workers will be better positioned than others for the workforce of the future. If you’re a 20-something with a knack for nursing, you’ll be in good shape. If you earn a living by building pickup trucks, don’t expect the government to save your job forever. Make no mistake, the ground is shifting, and the workforce is rearranging--permanently.Read Full Article
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