Business Facilities - March 2008 - (Page B6)

Lexington is home to the only research and development business park in the state of Kentucky—UK’s Coldstream Research Campus. Coldstream, a 735-acre office park, was specifically designed for recruiting high-tech and biotechnology companies, as well as university centers and start-ups. Coldstream offers intellectual capital and resources from UK, as well as infrastructure for existing and new companies. Through DCI, Kentucky created the first SBIR/STTR grant match program in the country. This innovative initiative has attracted the attention of many new biotechnology firms, such as Transposagen Biopharmaceuticals, which recently opened a new office in downtown Lexington. The company, which provides unique animal models of human diseases for drug discovery and development, selected Lexington because of the SBIR/STTR match program and the city’s vibrant academic community. Within five years, Transposagen will create 15 high-paying jobs. The Lexington community offers a wide variety of advantages to companies—including a strong, diverse, and educated workforce. The 2005 Census data ranked the city the eighth most educated in the nation; 35.6% of the population 25 years or Construction is underway for the new Carilion Clinic building in Virginia’s Roanoke Valley. older has at least a bachelor’s degree. This is due in part to being within 30 miles of 12 different institutions of higher education. Over 62,000 students are enrolled in these institutions, graduating close to 10,500 annually. For more information on what Lexington offers, contact Gina Greathouse, senior vice president of economic development, Commerce Lexington Inc., at 859-225-5005 or visit www.commercelexington.com. Roanoke Valley: Virginia’s Rising Biotech Star The Roanoke Valley of Virginia is making a name for itself in the life sciences sector. New ideas and products are always coming out of this nine-government region in western Virginia, and in the next few years, so will new doctors. Construction will soon begin on a new medical school, which is a joint venture between the Carilion Clinic and nearby Virginia Tech. The school will welcome its first class in 2010. Another Carilion/ Virginia Tech collaboration is a research institute, which will be housed in the same building and focus on translating medical research into real world applications for patient care. The two operations will be located adjacent Carilion’s flagship hospital, Roanoke Memorial just south of the city of Roanoke’s downtown business district. Several years ago Carilion, the largest healthcare company in the region and employer, and the city of Roanoke began redeveloping the area into a planned biomedical park. An office building, which houses the Carilion Biomedical Institute and several life sciences-related firms, has been completed and work has begun on the clinic offices. The new activity is a natural fit for the region. Already home to the Carilion Clinic, two Hospital Corporation of America hospitals, and a large Veterans Administration facility, the Roanoke Valley has served as the hub of firstrate medical care for the broader region. Recent plans have enhanced that role beyond traditional patient care and treatment to include the research and education components. The new medical school is patterned after Harvard Medical School’s Health Sciences and Technology program and Cleveland Clinic’s Lerner College of Medicine; it will have a small class size and be dedicated to training physician researchers. Class size is projected to be 40 students per year. In addition to a traditional medical school curriculum, all students will receive training in research methods, conduct original research, and write a thesis as a condition of graduation. To accommodate the expanded graduation requirements, the school will have a five-year curriculum instead of the traditional fouryear curriculum. An earlier Carilion partnership with Virginia Tech and the University of Virginia produced the Carilion Biomedical Institute, which aims to bring life sciences research to commercial applications. Some CBI projects include research into the use of chip technology to eliminate the need B-6 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 PHOTO CREDIT: ROANOKE VALLEY ECONOMIC DEVELOPMENT PARTNERSHIP http://www.commercelexington.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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