Pennsylvania’s efforts to develop and diversify its biotechnology sector have made it the number one state in the nation, pulling in ahead of hotbeds like California and Massachusetts, says Business Facilities magazine.
BF gave Pa. the top slot in its latest edition. In 2007, Pa. notched fifth in the nation for the most educated workforce and was also noted as having the nation’s third-largest number of colleges and universities. The state was also ranked as the seventh largest cyberstate, according to the American Electronics Association (AeA).
The ranking identified more than 20 key criteria, including the amount of state R&D funding and venture capital investments; the level of concentrated occupational employment in biotech; tax exemptions and university grant funding.
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