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Life Sciences In North Alabama


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Life Sciences In North Alabama

  1. 1. Life Sciences In North Alabama
  2. 2. <ul><li>Overview </li></ul><ul><li>Research Institute </li></ul><ul><li>Existing Industry </li></ul><ul><li>Cost of Doing Business </li></ul><ul><li>University Support </li></ul><ul><li>Workforce </li></ul><ul><li>Education </li></ul><ul><li>Venture Capital </li></ul><ul><li>Quality of Life </li></ul><ul><li>North Alabama Economy </li></ul>
  3. 3. <ul><li>$130 Million Dollar Investment from the State of Alabama and Private Investors. </li></ul><ul><li>900 Biotechnology Jobs. </li></ul><ul><li>Mission is for researchers to collaborate with local companies to bring new discoveries to market. </li></ul><ul><li>8 to 10 companies to be located on campus. </li></ul><ul><li>Due to Open by Fall 2007. </li></ul>
  4. 4. North Alabama’s Existing Life Sciences Industry: Monte Sano Pharmaceuticals <ul><li>14 Companies Employing More </li></ul><ul><li>than 1,000 People. </li></ul><ul><li>Covering pharmaceutical manufacturing, </li></ul><ul><li>biotechnology research, diagnostics </li></ul><ul><li>and medical device production. </li></ul>
  5. 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. 6. University Support: <ul><li>The University of Alabama in Huntsville (UAH) offers </li></ul><ul><li>degrees in Biology, Biochemistry, Molecular & Cell Biology, </li></ul><ul><li>Biology Sciences, Physics, Marine Science, Chemistry, </li></ul><ul><li>Biochemistry, Chemical Physics and Environmental Biology. </li></ul><ul><li>UAH has Masters and Doctorate Programs in </li></ul><ul><li>Biotechnology Science and Engineering </li></ul><ul><li>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. </li></ul><ul><li>UAH partners with BizTech a high tech company incubator that offers lab space. </li></ul><ul><li>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.  </li></ul>
  7. 7. Workforce: <ul><li>One out of 12 residents in the Huntsville </li></ul><ul><li>area is a scientist, engineer or technologist. </li></ul>#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. 8. Education: Stanford Achievement Test Scores: <ul><li>North Alabama schools regularly outperform </li></ul><ul><li>the National Average in standardized test scores. </li></ul><ul><li>Hudson-Alpha Institute for Biotechnology will </li></ul><ul><li>provide distance learning for area school children. </li></ul>50 50 50 50 50 50 U.S. 56 58 54 59 65 55 North Alabama 8 7 6 5 4 3 Grades
  9. 9. Alabama Venture Capital: <ul><li>80 Million Dollar Private Investment for Hudson-Alpha </li></ul><ul><li>Institute for Biotechnology </li></ul><ul><li>Southeastern Technology Fund – founded in Huntsville, </li></ul><ul><li>includes 2 funds totaling $115 million in committed capital. </li></ul><ul><li>Redmont Venture Partners – based in Alabama this fund </li></ul><ul><li>specializes in Life Science start-ups. </li></ul><ul><li>Other Alabama Venture Capital Firms investing in bio include: Bonaventure Capital, Greer Capital Advisors, Harbert Management Corp., Hickory Ventures, New Capital Partners, Tullis Dickerson. </li></ul><ul><li>More than $400 million available for bio investment. </li></ul>
  10. 10. Quality of Life: <ul><li>Average High Temperature: 71 ° </li></ul><ul><li>Average Low Temperature: 50 ° </li></ul><ul><li>Average Yearly Snowfall: .4 inches </li></ul><ul><li>The Tennessee River and surrounding foot hills of the Appalachian Mountains provide a beautiful landscape and a great outdoor activity life. </li></ul><ul><li>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. </li></ul>
  11. 11. North Alabama Economy: <ul><li>12 Northern Most Counties </li></ul><ul><li>Covering the TVA Service Area </li></ul><ul><li>Home to NASA and US Army </li></ul><ul><li>Missile Research </li></ul>Unemployment Rate: 3.9% Workforce: 501,906 Unemployed: 19,715 Per Capita Income: $21,764 Avg. Household Income: $53,454
  12. 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]