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Life Sciences In North Alabama
 

Life Sciences In North Alabama

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    Life Sciences In North Alabama Life Sciences In North Alabama Presentation Transcript

    • Life Sciences In North Alabama
      • Overview
      • Research Institute
      • Existing Industry
      • Cost of Doing Business
      • University Support
      • Workforce
      • Education
      • Venture Capital
      • Quality of Life
      • North Alabama Economy
      • $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.
    • 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.
    • 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.
    • 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. 
    • 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
    • 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
    • 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.
    • 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.
    • 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
    • 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]