Building a bio-hub in the Quaker State

Article Abstract:

Pennsylvania is becoming a key location for biotechnology and pharmaceuticals firms on the Eastern Seaboard of the US. The state's economy used to be based on steel mills, but is now being transformed by companies such as Merck, Marconi and VerticalNet.

Pennsylvania

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Pharmaceutical sector mixes potent Rx, turns change into opportunity and expansion

Article Abstract:

The pharmaceutical industry has managed to maintain strong cash flows and margins despite the drive to introduce radical changes in health care delivery and to control costs. At the heart of its flexibility to adopt to these changes is location. The strategy of separating R&D and administrative operations from manufacturing operations enables pharmaceutical firms to manage industry location concerns more efficiently and effectively. It gives the pharmaceutical sector protection against price changes and recessions.

Industry Overview

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Brainpower demands dwarf incentives in pharmaceutical/bio-tech locations

Article Abstract:

Pharmaceutical and biotechnology firms' site selection depends on the area's availability or proximity of skilled workers and talented scientists, as well as communication and information infrastructures. Tax and financial incentives do little to attract these industries to an area. States whose scientific and educational institutions are well established have the distinct advantage of attracting these high-wage-paying firms.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Manufacturing and Industrial Building Construction, Nonresidential Building Construction, Commercial & Industrial Additions, Economic aspects, Commercial buildings, Skilled labor, Building additions

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