Jan. 25--WISCONSIN'S BIOTECHNOLOGY INDUSTRY -- and that of the Madison area, specifically -- won praise recently in Business Xpansion Journal (BXJ), an online publication for the site selection industry, based in Birmingham, Ala.
BXJ said that while established biotech centers, such as those in Massachusetts and New Jersey, continue to lead the nation in jobs in the field, "smaller biotech clusters are growing at faster rates as governments increasingly court the industry as an economic development engine."
Wisconsin, Colorado and the Buffalo, N.Y. area were singled out as growing biotech areas.
Wisconsin has more than 640 bioscience businesses supporting nearly 24,000 private sector jobs with a total economic impact of nearly $7 billion, the article said.
"It's a pretty fertile area for the industry," Paul Jadin, president of the Madison Region Economic Partnership, told BXJ. Jadin said the UW-Madison is driving much of the local life sciences sector's advance. He said the university is No. 4 nationwide in federal research funds.
"I think in the years ahead, we're going to continue to see significant breakthroughs in a variety of scientific fields, including high-tech and specialized medical therapies," Jadin said. "If you extrapolate from all the enzyme work and other research that's being done for the pharmaceutical industry here in Madison, it suggests that we're going to continue to see significant growth nationwide."
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