Jones Lang LaSalle


Industry Insider: Garden State dubbed beau of biotechs

Thursday, January 26, 2006
New Jersey is one of five top regions in the world for wooing biotechnology firms, a trade newsletter says in a new survey.

The report, by Washington, D.C.-based FierceBiotech, lists four U.S. regions (New Jersey, California, Maryland and Wisconsin) and Singapore as emerging biotech centers.

"Everybody knows that Boston, San Diego, San Francisco and Seattle are the big U.S. biotech clusters, but which areas are next," FierceBiotech editor John Carroll said in a release.

Carroll said the newsletter took a "subjective approach" in compiling the list.

New Jersey got props for improving business incentives, setting up a life sciences venture fund and providing seed money for stem cell research.

-- Jeff May