Business Facilities - March 2008 - (Page B16)

that currently ranks 12th among the nation’s 122 medical schools in NIH research funding. The program provides studies in state-of-the-art biotechnology and scientific innovation, practical business instruction, and real-world experience in innovation and/or entrepreneurship to individuals with a bachelor’s, master’s, or Ph.D. in a biology-related field. The result: cutting-edge scientists who are empowered to innovate, commercialize technology, and develop new businesses, either as entrepreneurs creating and growing new companies or “intrapreneurs” working within established companies and organizations. In 2002, Cleveland State University, located 20 miles from Strongsville, launched a program to help prepare students for careers in biotechnology. The Biotechnology Certificate Program is available to any CSU student, but especially those who are working toward or have a bachelor’s in business, engineering, biology, or chemistry. It’s also available to college students enrolled in other universities and to college graduates. Assets such as these, combined with Strongsville’s pro-business attitude, make the city a prime destination for biotechnology companies. For more information on how the city of Strongsville can get your company on the road to biotechnology success, contact Gene Magocky, economic development director for the city, at 440-580-3117 or gene.magocky@strongsville.org. Vineland: A Growing Biotech Hub Just a few miles east of Philadelphia, Vineland, NJ is strategically located right between New York City and the Baltimore/ D E V E L O P M E N T Wa s h i n g t o n , DC markets. The opening of STRONGSVILLE BUSINESS & TECHNOLOGY PARK the new South Jersey HealthWe have 181.8 acres and the resources to help you take advantage of care Regional one of the best development opportunities in Northeast Ohio. Hospital in PRO-BUSINESS INCENTIVES – Tax incentives & abatements, August 2004, Enterprise Zone and Community Reinvestment area, and potential supplemented Foreign Trade Zone designation. by a new Rehabilitation Hospi QUICK ACCESS TO MAJOR MARKETS – Via Northeast Ohio’s highway tal, two new kidinfrastructure – I-71, I-80 (Turnpike), I-480. Within 30 miles of Port ney dialysis cenCleveland and 8 miles south of Cleveland Hopkins International Airport. ters, and new SURROUNDING AMENITIES – Nearby golf courses, upscale residential MRI service areas, a 1,300,000 square foot shopping mall, hotels, restaurants, and centers have the world class satellite Cleveland Clinic Medical Center. attracted many new physicians For more information, please contact to the city and Gene P. Magocky have helped to Director of Economic Development (440) 580-3117 bolster the city’s e-mail – gene.magocky@strongsville.org thriving biotechwww.strongsville.org nology industry. City of Strongsville V i n e l a n d ’s 16099 Foltz Parkway central South Strongsville, OH 44149 Jersey location #2404 at www.BusinessFacilities.com OPPORTUNITIES and competitive financial incentive programs are responsible for a growing body of interest in the area. One such financial incentive program is the Fund for Economic Development. This loan features everything that expanding industries and businesses need to support their growth, including long terms (a maximum term of 20 years), a fixed interest rate (5%), no prepayment penalties, a one-time loan servicing fee, and flexible payment schedules. First and second lien programs are also available. A minimum workforce of 25 full-time employees and an average annual salary of $30,000 plus benefits are required; loan requests of up to $15 million will be considered. Because of this program, Vineland has attracted the attention of companies worldwide. Since its inception in 1990, the city has closed over 400 loans, totaling $110 million. The experience and confidence gained over the years from the program’s successes have enabled the city to now offer a more aggressive loan program. To be eligible for this program, proposed facilities are required to locate in the Vineland Urban Enterprise Zone. The city of Vineland’s Economic Development Web site, www.vinelandbusiness.com, details all the benefits of locating a business in the zone. The program is funded by the New Jersey Urban Enterprise Zone Authority, which allocates the retail sales tax revenues collected in the Vineland Zone to a Zone Assistance Fund for economic development projects in the Vineland Urban Enterprise Zone. The Urban Enterprise Zone designation for Vineland ends in October 2018, but Vineland’s Fund for Economic Development will not disappear. It will become a permanent fixture for the city of Vineland to use for its diverse business community. B-16 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 http://www.strongsville.org http://www.strongsville.org http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - March 2008

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

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.