Business Facilities - September 2008 - (Page 35)

survey respondents included strong and fundamentally sound science as demonstrated by both the variety of compounds in development and the continued strength of the licensing activity; a belief that New Jersey has the scientific talent needed to commercialize and manage current research and development projects; and that companies expect to continue to hire more employees. The survey results show that 86 percent of those surveyed said they expected to hire an additional 20 people within the next 12 months. In 2005, 86 percent of responding companies reported that they expected to hire 13 additional employees over a 12-month period. The number of New Jersey’s biotechnology and life sciences companies is growing rapidly with the number of start-up, small, mid-size and fully integrated compa- nies tripling in the past decade. “As this survey demonstrates, with each year, New Jersey’s growing biotechnology industry becomes even more important to the State’s social and economic viability,” says Angie McGuire, acting chief of the Office of Economic Growth. “Recognizing this, our Economic Growth Strategy includes a significant emphasis on attracting and helping biotechnology companies to grow and prosper, which will help New Jersey maintain its position as a leader in the life sciences.” With the fourth largest public company cluster, New Jersey remains a “hotbed” for biotechnol- ogy. In responding to questions that look at why companies locate and remain in New Jersey, a total of 96 percent of responding companies indicated that there are sufficient managerial personnel and 88 percent believe there is sufficient scientific personnel to meet their needs. The overwhelming majority, 74 National Institute for Strategic Technology Acquisition and Commercialization WE’VE BROUGHT TOGETHER THE ESSENTIAL ELEMENTS FOR YOUR SUCCESS. PHOTO CREDIT: POTODISC ® Knowledge Based Economic Development (KBED) best and brightest abundant academic, business, civic and research resources — which includes 150 new graduates in the biosciences each year from Kansas State University. #3402 at www.BusinessFacilities.com LEARN MORE growing bioscience business relocating to The Little Apple®. www.pickmanhattan.com. (785)776-8829 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-7 http://www.pickmanhattan.com http://www.pickmanhattan.com http://www.BusinessFacilities.com

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

Business Facilities- September 2008 Contents First Word Snapshots Corporate Moves:�Mississippi Editor's Location Picks 2008 The Palmetto State Reaches Across the Sea Corporate Moves:�Tennessee Metro Spotlight:�Spokane, WA Biotech: Building Block for Development Wind Power Lifts Iowa Germany:�Europe's Economic Juggernaut California Here We Come Up, Up and Away in North Carolina Corporate Moves:�West Virginia Metro Spotlight:�Decatur/Greensburg, IN Advertiser Index Ask the Expert

Business Facilities - September 2008

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