Slide 1 - North Alabama Industrial Development Association

drawerbeamerBiotechnology

Dec 6, 2012 (4 years and 9 months ago)

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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

-20
-10
0
10
20
30
40
50
60
National Average

Huntsville

Boston

San Diego

-
10%

+35%

+50%

0
5
10
15
20
25
30
35
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:

Category

Percent

U.S. Rank

Employed in Engineering,
Math or Computers

11.9%

#1

Employed in Professional
Scientific, Technical Services,
or Engineering

15.1%

#2

25 and older with a college
degree

37.8%

#19

25 and older with a doctorate
degree

1.5%

#31


One out of 12 residents in the Huntsville

area is a scientist, engineer or technologist.

Education:

Grades

3

4

5

6

7

8

North
Alabama

55

65

59

54

58

56

U.S.

50

50

50

50

50

50

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.

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

naida@naida.com