Friday, July 07, 2000
State’s Life Sciences Industry Receives High Rankings
An in-depth report, authored by the Battelle Memorial Institute, offering suggestions to shape Michigan’s life sciences strategy, was recently presented to the Life Sciences Corridor Steering Committee.
The study addresses Michigan’s strengths, weaknesses, opportunities and threats in the life sciences industry. Tactics to develop Michigan’s life sciences presence were offered in the study.
The study also includes an analysis of Michigan’s national competitive positioning. The study ranks Michigan as eleventh nationally for life sciences employment with more than 16,500 workers. The state’s life sciences sales ranked tenth in the nation with sales of nearly $1.6 billion in 1999. In addition, Michigan’s 300 life sciences firms ranked sixth nationally in terms of size.
"The study shows that Michigan has a strong life sciences base and tremendous potential to be a key player in the life sciences industry," said Doug Rothwell, chairman of the Life Sciences Steering Committee. "Our (the Life Science Steering Committee’s) job is to build on that base and help establish Michigan as a national leader."
The study also offered an assessment of Michigan’s current programs and activities, including recommendations on how to develop Michigan’s current initiatives.
The 14-person Steering Committee, which includes university, corporate and government representatives, is the driving force behind developing Michigan’s Life Sciences Corridor. On July 5, the committee met formally to review the Battelle study and discuss submitted proposals.
Last year, Governor John Engler signed into law the financing mechanism for the Life Sciences Corridor. The goal of the Corridor is to position the State of Michigan as a major global center for both life sciences and research and business development. A portion of the state’s tobacco settlement monies, $50 million per year, will be used over the next 20 years to fund this research and development initiative.