Rhode Island Ranks Among Top "Biotech Hubs"

Rhode Island named one of six Bioscience hotspots in North America in the “2009 BioWorld Relocation and Expansion Guide.”

Providence, RI, June 11, 2009 --(PR.com)-- Rhode Island has been named one of six “Biotech Hubs” in North America in the 2009 BioWorld Relocation and Expansion Guide. The Guide is a showcase of leading Bioscience-friendly locations for business relocation and expansion. Locations are ranked on criteria including site selection, tax credits, location and incubator, funding and research opportunities.

This year, the Guide also focuses on locations which “offer advantage relative to the current economic conditions,” according to the Guide’s introduction. As the article points out, Rhode Island boasts an accessible I-95 Corridor location, industry diversity, education resources, funding opportunities and a small, collaboration-focused size. Growth potential and prosperity for the industry in Rhode Island is exemplified by a 259% employee growth rate in the state’s bioscience Drugs and Pharmaceutical sector from 2001-2006, as opposed to a national sector growth rate of only 4%.

This is the third consecutive year Rhode Island has been represented in the Guide; ranking among Florida, Washington D.C., Georgia, Pennsylvania and Edmonton, Alberta, Canada locations. Last year, Rhode Island was grouped with more traditional Bioscience states, including California, North Carolina, Massachusetts, New Jersey and New York as well as international “hubs,” France and Italy.

“Rhode Island’s feature in the 2009 BioWorld Relocation and Expansion Guide is a significant accomplishment for our Bioscience community,” said Kathie Shields, executive director of the Tech Collective. “From location to renowned education institutions to our small size, the buzz is growing that Rhode Island has much to offer the biosciences. The BioWorld Guide will help us to showcase these offerings nationally and globally as we continue to grow the businesses and the prosperity of Rhode Island’s Bioscience industry.”

“Rhode Island is genuinely unique among the 50 states in offering a “best-of-both-worlds” opportunity in [bioscience] relocation or expansion considerations,” notes Michael Harris, executive editor for BioWorld Today. “From its beginnings as one of the original 13 colonies, through its recognition as an aggressive principal in the twenty-first century life sciences industry, Rhode Island continues to be a magnet destination for individual and corporate agendas of innovation and progress.”

The 2009 BioWorld Relocations and Expansion Guide was distributed to over 10,000 industry professionals globally as well as to the over 14,000 attendees of the 2009 BIO International Convention from May 17-21 in Atlanta, GA. Tech Collective represented Rhode Island’s Bioscience community at the event in partnership with the New England Biotech Association (NEBA). The BioWorld Relocation and Expansion Guide is published annually by BioWorld Today, and can be found in its entirety at: www.bioworld.com/img/BioWorldRelocationGuide2009.pdf.

About BioWorld:
BioWorld publishes information that is researched and written by the top business and science reporters in the industry. With nearly 20 writers spread throughout eight countries, BioWorld covers news on public companies and hard-to-find information on private companies. Our seasoned reporters get the inside scoop on what's happening within the corporate walls, on regulatory issues in Washington and elsewhere and on scientific breakthroughs worldwide. This news coverage of the biotechnology industry is 100 percent original and available only at BioWorld. For more information, visit www.bioworld.com.

About Tech Collective:
Tech Collective is the technology industry association of Rhode Island. Focusing on Community Building and Workforce Development, we are driving technology growth, innovation and prosperity by uniting industry, government and education. Tech Collective builds and strengthens community by creating partnerships, offering thought-provoking forums and organizing state-wide participation in events like NetTech 2.0, BioTuesday, BIO 2009, GRRL Tech and Technology Laureate’s Night. In promoting and developing a highly-skilled Rhode Island workforce, Tech Collective drives technology-based education and training programs for students in grades K-16 as well as for incumbent and transitioning workers. For more information about Tech Collective initiatives and events, please visit www.tech-collective.org.

Giselle LaFrance
Manager of Media Relations
Tech Collective
(401) 829-8321

Tech Collective
Giselle LaFrance, Manager of Media Relations
(401) 829-8321