Why and How Life Science Companies Look for Space And what it means for the economic development officers in California Misha Tsirulnikov Director, Development.

Slides:



Advertisements
Similar presentations
Economic Development Strategy Salt Lake City Corporation October 2008.
Advertisements

BY: GRANT COUNTY ECONOMIC GROWTH COUNCIL GRANT COUNTY 2011 BUSINESS CLIMATE.
Science City Bristol Dr John Bradford 3 December 2009.
California Business Roundtable Business Leader Survey California Business Roundtable Business Leader Survey Research conducted by January 2013.
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
DEPARTMENT OF TRADE AND INDUSTRY INCREASING ACCESS TO FINANCE.
South Carolina Research Universities An Assessment of Commercialization and Entrepreneurial Activities.
The Minnesota State Colleges and Universities system is an Equal Opportunity employer and educator. Minnesota Model: Partnerships and Data-Driven Strategies.
Bob Cohen, Executive Director Braintree Center for Business Innovation One of Northeast Ohio’s Edison Technology Incubators.
©2006 Ann Arbor SPARK 2010 Successes 2011 Opportunities Washtenaw Workforce Investment Board July 8, 2011.
House Economic Affairs Committee Wednesday, September 21, 2011.
Unisource Solutions Affinity Program San Francisco Chamber of Commerce Members.
California Governor’s Office of Economic Development (GoED) Patrick McGuire Assistant Deputy Director for Business Investment Services (CalBIS)
Programs. Background The Northern Ontario Heritage Fund Corporation is an agency of Ontario’s Ministry of Northern Development and Mines. The Corporation.
Public Private Partnerships Maximizing Opportunities UMA Motorcoach Expo Los Angeles, CA, Feb 17, 2014 Stephen B. Brown, Brown Coach, Inc. Dale Krapf,
Innovation, Colleges and Applied Research ACCC College and Institute Applied Research Symposium (February 12-13, 2004)
Workforce Development for the Biotech Industry. Workforce Development National Level State Level Corporate Level Current Programs Future Requirements.
Lim Sei cK. Definition Examples Importance.
OXNARD CITY COUNCIL PRESENTATION. ECONOMIC DEVELOPMENT SWOT ANALYSIS S S TRENGTHS W W EAKNESSES O O PPORTUNITIES T T HREATS.
The Entrepreneurial start-up process
1 INVESTING IN ARIZONA’S UNIVERSITIES INVESTING IN ARIZONA’S UNIVERSITIES Presentation by The University of Arizona, May 5, 2008.
Regional Innovation Strategies José Luís Simões 2001/03/30 Reflections on US economic development policies: Meeting the ‘new economy’ challenge by Mikel.
LECTURE ESSENCE AND STRUCTURE OF BUSINESS PLAN. 1.The concept of business – plan 2.Contents (parts) of business plan.
ACTIVITIES OF SUPPORTING SMES DEVELOPMENT IN VIETNAM
Building the Global City of the Future How do we do this? Global Competitiveness Summit and Advanced Manufacturing Awards March 12, 2014.
Partnering to Promote Economic Growth February 13, 2006.
April, 2013 Agency for Investments and Competitiveness.
Why Do We Need Accounting? Companies of all sizes need to implement a streamlined accounting system in order to accurately record and report business transactions,
Economic Development Strategy Institutional Frameworks – Public  Salt Lake City – Private  Chamber of Commerce – Partnership  Economic Development Corporation.
Nathan Tinker Executive Director New York Biotechnology Association New York BizBio 2009 Fighting for a Healthy Biotech Industry.
©2006 Ann Arbor SPARK 2010 Successes 2011 Opportunities Presentation to Livingston County Economic Development Council.
Georgia Power Community & Economic Development. What is it? Most simply, it is the creation of wealth. Economic Development.
Association of University Research Parks, 2012 © Creating and Retaining Start-up Companies Association of University Research Parks, 2012 ©
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP YESVIRGINIA.ORG VIRGINIA JOBS INVESTMENT PROGRAM VMA's 3rd Annual Workforce Development Symposium October 16,
Eugene Area Chamber of Commerce Mission To promote a HEALTHY LOCAL ECONOMY by influencing *Business success *Public policy *Community development.
©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Bolton Economic Development Committee Why? 1.Master Plan, Sustainable Village Center Study (UMass study) refer to economic development. 2.Proactive approach.
The need for skills and R&D to enhance business opportunities in the digital economy Paul Sweetman Director, ISA and ICT Ireland, Ibec.
GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Business Incentives.
The NHBMPP is funded under grant #33-50-M09048 from the U.S. Dept. of Commerce to the University of New Hampshire.
Call for Proposals & Priority Prospectus July 2010 – June 2011 Briefing Technical Assistance Project Partners Monday 12 th July 2010.
California Needs Assessment of Workforce Issues for Energy Efficiency, Demand-Side Management, Renewable Energy and the Green Economy Conducted by the.
The Soft Landing: Finding Partners, People & Resources.
Navigating the Changes in Economic Development – Sighting for the Collaborative Lighthouse Federal Laboratory Consortium Mid-Atlantic Regional Meeting.
1 Maryland Life Sciences Advisory Board William E. Kirwan, USM Chancellor Wednesday September 24, 2008.
David Winwood Associate Vice Chancellor Technology Development and Innovation.
Economic Development for a Healthy Community! League of Oregon Cities Portland, Oregon 2009 By Dennie Houle Business Development Officer Oregon Business.
San Fernando Valley Business Needs Survey The Rose Institute of State and Local Government Claremont McKenna College March 28, 2002.
Key Motivators of Business Sustainability in Russia (Results of the WWF project “Contribution of the Leading Russian Companies to Sustainable Development”)
Today (2/11) Class schedule update & Presentation Forums (10’) Corporate Technology Commercialization- Dr. Thomas Lindner (40’) Developing timelines and.
Environmental Analysis S T E P. Environmental Analysis SOCIAL –Cultural –Environmental –Demographic TECHNOLOGICAL –Level of Technology –Infrastructure.
GOAL: Connect the value of a growing IT talent pipeline to the development of smarter communities. Lonnie Emard Executive Director, CESM.
Utah Alliance Meeting January 11, EDCUtah Mission To serve as a catalyst for quality job growth and increased capital investment by assisting in-state.
GABB NOVEMBER GEORGIA DEPARTMENT OF ECONOMIC DEVELOPMENT: ► WHO WE ARE: marketing and sales arm of the State of Georgia ► WHAT WE DO: Strategically.
Chapter 13 Management and Operations Strategy. Copyright © Houghton Mifflin Company13-2 Overview Organization: the way the business works Location: finding.
Taiwan’s Public-Private Partnerships for Innovation & Entrepreneurship Yuh-Jzer Joung, Director General Science & Technology Policy Research and Information.
CITY OF DAYTON DEPARTMENT OF ECONOMIC DEVELOPMENT February 25, 2016.
Building Innovation Capacity through Regional Business Incubation Systems Dr Takis Damaskopoulos Executive Director European Institute of Interdisciplinary.
Housing Demand Ned Murray, Ph.D., AICP FIU Metropolitan Center November 13, 2012.
Inland SoCal iHub In March 2010, the State of California launched its Innovation Hub (iHub) program to harness California’s creative and entrepreneurial.
April 29, 2014 Which Way is Up? Mapping the Incentives Landscape Patrick McHugh, Ph.D. Fiscal Analyst, Fiscal Research Division North Carolina General.
The EU & DG Enterprise & Industry / 1 Steve Rogers, Győr, 16 January 2007 The European Union and DG Enterprise & Industry Steve Rogers DG Enterprise &
Founding Partners. Where do I go? Planning Capital/Loan New Markets Tech.Transfer Permits Office Space Legal Services Mentoring Home-based Lifestyle Manufacturing.
DEPARTMENT OF ECONOMIC DEVELOPMENT GLOBAL COMMERCE August 27, 2014.
Collaborating Coordinating Creating Gaining Political Support and Advocacy Through Coordination and Collaboration Shannon Baxter-Clemmons, PhD, Executive.
“ To expand and diversify the commercial tax base through targeted strategies which support the City’s quest to be premier community in which to live,
Economic Development Greater Lafayette Progress, Inc. Not-for-Profit C 3 Membership Based Organization 2003 Budget: $644,000 Employees: 5 $$ from cities,
Changing the Model ACCE – Economic Development Workshop
Business Strategy and Policy
Hindrances to RE Business in Myanmar U Nyan Tun (REAM) 15/03/2017.
Presentation transcript:

Why and How Life Science Companies Look for Space And what it means for the economic development officers in California Misha Tsirulnikov Director, Development & Program Strategy BayBio

Research and Development: 91% of surveyed companies have R&D Labs in CA 55% intend to keep R&D Labs in CA 18% intend to expand R&D outside the state Pilot Scale Manufacturing: 50% of surveyed companies have Pilot Facilities in CA 33% have them outside the state 50% intend to expand Pilot Facilities outside the state Commercial Production: 14% of surveyed companies have Commercial Production in CA 38% have facilities out‐of‐state 57% intend to expand commercial production out‐of‐state Distribution/Logistics: 30% have product distribution/logistics in CA 25% have these out‐of‐state 40% intend to expand out‐of‐state

The Good News: none of the respondents are looking to move their HQ, few plan to move key research facilities outside of California The Bad News: significant number of respondents are looking outside of California markets for manufacturing and logistics The most frequently specified reasons that respondents consider conducting commercial production outside of California include: 1. Cost of doing business: Taxes (55% of respondents) 2. Cost of doing business: Salaries (55% of respondents) 3. Cost of doing business: Rents (50% of respondents) 4. Regulatory environment (45% of respondents) 5. Incentives from other states (40% of respondents)

Opportunities: Workforce development: work with high schools to encourage science education, partner with community colleges to design appropriate programs and to produce specialists in most need by the bioscience companies Build community: create environment attractive to upper middle class (good schools, access to public transportation, modern conveniences). Employees/talent is the biggest asset of the life science companies. Grow your own biotech start-ups: provide incubators and subsidized space for companies in order to attract companies. Make sure to have expansion space available. Companies don’t have capital to build their own facilities. Create pro-business environment: work to eliminate red tape and duplicative regulation on state and municipal levels, help to shorten bench to consumer cycle, help to reduce financial burden on the companies Enterprise development funding: look for ways to provide tax abatements and rebates, cash assistance with relocating or building new facilities Play off natural strength: California-based companies would prefer to locate manufacturing next to their headquarters and R&D facilities.