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Sunday, February 21, 2010
Lee County plunged millions of dollars deep into the expensive and ultra-competitive life-science industry last week.
Local officials hope to make Southwest Florida the next biotech hub. That’s a long shot, says a national expert who studies strategies for governments to attract similar tech businesses. A state accountability report shows massive state investments in life-science industries show promise, but have not yet paid off.
Commissioners on Tuesday shelled out $10 million to Algenol Biofuels Inc. for a new laboratory, headquarters and algae farm to convert the plants to ethanol. Algenol’s contract requires it add at least 120 jobs.Read Full Article
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