Business Facilities - March 2008 - (Page B11)

• The $2.5 million Commercialization Fund is used to help small- to medium-sized Iowa companies in industries such as bioscience commercialize innovation that fosters competitive, profitable companies. • The Iowa Power Fund is a $100 million fund designed to promote research and development, knowledge transfer, technology innovation, and the improvement of economic competitiveness as it relates to the effort to produce renewable energy and improve energy efficiency. This funding, coupled with a commitment from state universities and community colleges, has pushed Iowa to the forefront of the bioscience revolution. For example, the University of Iowa in Iowa City is currently constructing the BioVentures Center, a research park dedicated solely to the advancement of biosciences. This is in addition to the Oakdale Research Center (which has a number of biotechnology company partners), the Center for Advanced Drug Development, and the Division of Pharmaceutical Services. The university also has the Center for Biocatalysts and Bioprocessing on campus. In Ames, researchers at Iowa State University work in the Center for Crop Utilization Research, the Plant Science Institute, the Iowa Biologics Facility, and the Center for Plant Genomics. At the community college level, the Iowa Department of Economic Development’s Industrial New Jobs Training Program provides no-cost or reduced-cost jobtraining services to new employees of eligible businesses through Iowa’s 15 community colleges. All of this and more make Iowa an exciting place for over 1,800 bioscience establishments to do business. The state has defined itself as a serious contender in bioscience through its commitment to partner- ships among government, education/research, and business. Bioscience business leaders, researchers, and government officials are working together to bring products to market and establish an open environment for new and ongoing research. The result is a state strong in all aspects of the bioscience industries. Iowa is the epicenter of the bioscience revolution. For more information on how your company can join, visit www.iowalifechanging.com. Mission Possible: How Austin Is Becoming a Biotech Hub The Austin, TX area offers biotechnology innovators and entre- #3703 at www.BusinessFacilities.com A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S , B I O P H A R M , A N D P H A R M A C E U T I C A L E X E C U T I V E B-11 http://www.iowalifechanging.com http://www.austinchamber.com/favor-bf.html http://www.austinchamber.com/favor-bf.html http://www.BusinessFacilities.com

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Business Facilities - March 2008 Contents First Word Snapshots California Seeks Immigration Reform To Spur Economic Growth Outside the Biotechnology Clusters Global Biotech Competition Heats Up Location Is Key To Your Bottom Line New Incentives For New Hampshire Metro Spotlight: Jersey City, NJ Europe's Center For Goods, Real and Virtual Access Your Markets From Pennsylvania Corporate Moves: Illinois Louisiana Upgrades Important Port Road Projects To Accelerate Michigan's Economy Corporate Moves: South Carolina Metro Spotlight: Salt Lake City, UT Advertiser Index Inside LiveXchange

Business Facilities - March 2008

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