Your next discovery should be Metro Denver's emerging bio industry.
With more than 14,100 bioscience workers at 600 companies, the nine-county region has a significant foundation on which to build and expand the bioscience industry.
The region ranks eighth among the top 50 metro areas for 2011 employment concentration in medical devices and 21st for pharmaceuticals and biotechnology employment.
The Fitzsimons Life Science District and the adjacent Anschutz Medical Campus are among the most ambitious medical developments in the country, and are the focal points of opportunity in the bioscience industry. When complete, the $5 billion project encompassing 578 total acres and more than six million square feet of new real estate will be a world-class scientific community offering cutting-edge space, services, and support to more than 43,000 bioscience professionals.
Numerous university and bioscience research facilities dot the region and scientific talent is abundant with Metro Denver ranking Colorado the 12th-best location for life science ventures by Jones Lang LaSalle's 2011 Life Sciences Cluster Report. Industry support and advocacy is available through the Colorado BioScience Association, which is working to create a premier bioscience cluster within the state.
Colorado's bioscience industry received yet another boost when Nobel Laureate Tom Cech returned to the University of Colorado Boulder (CU-Boulder) in 2009 after 10 years as president of the Howard Hughes Medical Institute. Cech, who shared the 1989 Nobel Prize for Chemistry with the discovery that RNA in living cells can function as a catalyst, spends his time teaching, doing lab work, and directing the university's Colorado Initiative in Molecular Biotechnology (CIMB).
As further incentive to move your company's bottom line, the state of Colorado has amassed several programs to help bioscience companies succeed. Recent legislation requires the state to divert 50 percent of any future increase in income tax collections from businesses in the bioscience industry to support research and development of new products and technologies, early-stage companies, and infrastructure. The program could generate as much as $2 million each year in new seed money for the bioscience industry.
With all of this momentum, it's no wonder the region is a center of excellence for the bioscience industry. So take a closer look at Metro Denver—nowhere in the country will you discover better access to knowledgable workers, venture capital, and innovation.
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