Ohio Ranked 4th Best Place for Biomedical Business
Ohio ranks fourth in
Business Facilities magazine’s annual State Biotechnology Strength rankings.
Using government statistics and the latest State Bioscience Initiatives Report, prepared by the Biotechnology Industry Organization and Battelle, as a starting point, Business Facilities identified more than 20 key criteria to rank overall biotechnology strength.
Criteria included the amount of state R&D funding and venture capital investments; the level of concentrated occupational employment in biotech; tax exemptions specifically targeted to biotech; the number of biotech facilities; biotech patents generated; university grant funding; and bioscience higher education degrees, among other factors.
TOP STATES IN BIOTECHNOLOGY STRENGTH 2009
1. California
2. Massachusetts
3. Pennsylvania
4. Ohio
5. Maryland
Ohio also was ranked fourth in Site Selection magazine’s 2009 state business climate rankings.