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Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
Life Sciences In North Alabama
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Life Sciences In North Alabama

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  • 1. Life Sciences In North Alabama
  • 2.
    • Overview
    • Research Institute
    • Existing Industry
    • Cost of Doing Business
    • University Support
    • Workforce
    • Education
    • Venture Capital
    • Quality of Life
    • North Alabama Economy
  • 3.
    • $130 Million Dollar Investment from the State of Alabama and Private Investors.
    • 900 Biotechnology Jobs.
    • Mission is for researchers to collaborate with local companies to bring new discoveries to market.
    • 8 to 10 companies to be located on campus.
    • Due to Open by Fall 2007.
  • 4. North Alabama’s Existing Life Sciences Industry: Monte Sano Pharmaceuticals
    • 14 Companies Employing More
    • than 1,000 People.
    • Covering pharmaceutical manufacturing,
    • biotechnology research, diagnostics
    • and medical device production.
  • 5. Cost of Doing Business: Forbes Ranks Huntsville #11 Lowest Cost of Doing Business Alabama Capital Investment Tax Credit can eliminate State Income Tax Low Cost of Living National Average Huntsville Boston San Diego -10% +35% +50% Low Office Space Rates Huntsville Boston San Diego $16.00 /sq. ft. $29.44 /sq. ft. $34.20 /sq. ft.
  • 6. University Support:
    • The University of Alabama in Huntsville (UAH) offers
    • degrees in Biology, Biochemistry, Molecular & Cell Biology,
    • Biology Sciences, Physics, Marine Science, Chemistry,
    • Biochemistry, Chemical Physics and Environmental Biology.
    • UAH has Masters and Doctorate Programs in
    • Biotechnology Science and Engineering
    • The UAH laboratory for structural biology offers an excellent x-ray diffraction facility and molecular biology facility for protein expression. It is part of the Alabama Structural Biology Consortium.
    • UAH partners with BizTech a high tech company incubator that offers lab space.
    • Calhoun Community College offers Associate of Science Degrees in Pre-Medicine, Pre-Nursing, and Pre-Pharmacology with course in Biology, Chemistry, Physics, and Natural Science. 
  • 7. Workforce:
    • One out of 12 residents in the Huntsville
    • area is a scientist, engineer or technologist.
    #31 1.5% 25 and older with a doctorate degree #19 37.8% 25 and older with a college degree #2 15.1% Employed in Professional Scientific, Technical Services, or Engineering #1 11.9% Employed in Engineering, Math or Computers U.S. Rank Percent Category
  • 8. Education: Stanford Achievement Test Scores:
    • North Alabama schools regularly outperform
    • the National Average in standardized test scores.
    • Hudson-Alpha Institute for Biotechnology will
    • provide distance learning for area school children.
    50 50 50 50 50 50 U.S. 56 58 54 59 65 55 North Alabama 8 7 6 5 4 3 Grades
  • 9. Alabama Venture Capital:
    • 80 Million Dollar Private Investment for Hudson-Alpha
    • Institute for Biotechnology
    • Southeastern Technology Fund – founded in Huntsville,
    • includes 2 funds totaling $115 million in committed capital.
    • Redmont Venture Partners – based in Alabama this fund
    • specializes in Life Science start-ups.
    • Other Alabama Venture Capital Firms investing in bio include: Bonaventure Capital, Greer Capital Advisors, Harbert Management Corp., Hickory Ventures, New Capital Partners, Tullis Dickerson.
    • More than $400 million available for bio investment.
  • 10. Quality of Life:
    • Average High Temperature: 71 °
    • Average Low Temperature: 50 °
    • Average Yearly Snowfall: .4 inches
    • The Tennessee River and surrounding foot hills of the Appalachian Mountains provide a beautiful landscape and a great outdoor activity life.
    • The area has several museums and attractions including the U.S. Space & Rocket Center, The Alabama Music Hall of Fame, hands-on Children’s Museums and an Art Museum.
  • 11. North Alabama Economy:
    • 12 Northern Most Counties
    • Covering the TVA Service Area
    • Home to NASA and US Army
    • Missile Research
    Unemployment Rate: 3.9% Workforce: 501,906 Unemployed: 19,715 Per Capita Income: $21,764 Avg. Household Income: $53,454
  • 12. North Alabama Tate Godfrey, President/ CEO Cindy Burns, Vice-President Jason Wright, Snr. Project Mngr. Garrett Sheehan, Project Mngr. 1-800-669-9450 [email_address]

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