Spring 2011 issue of Horizons

General Topics – continued

and surgical and medical instrument manufacturing. • The National Institute of Health awarded Missouri more than $473 million through 1,206 grants.

• Venture capital investment has increased by more than $120 million in the last six years as reported by the National Association of Venture Capital. • Kansas is ranked as the 5th most vibrant bioscience economy according to a national site selection magazine. • The nation’s largest bioscience venture fund selected Kansas as the location of its only Midwest office and formed its first Kansas company in December 2010. Colorado Life Sciences Initiatives Information gathered from the Colorado BioScience Association reveals that Colorado continually ranks in the top ten cities for bioscience industries. A friendly tax and regulatory environment is crucial to the state so it can remain competitive and grow the bioscience industry. The single sales factor apportionment for corporate income tax, the Colorado Innovation Investment Tax Credit and the sales and use tax refunds and exemptions all help raise Colorado rankings in the biosciences. These programs and initiatives help retain current companies, attract new companies to the state, and ensure the growth of new start-ups in the bioscience sector. • Colorado’s bioscience sector employed 18,000 in the late 2000s, spanning 920 establishments. • Bioscience employment grew 5.5 percent between 2001 and 2006, outpacing total private sector job growth. • The average bioscience annual wage of $67,320 is 54 percent more than the private sector annual average wage in Colorado. • The Denver metro region ranks 19th among all U.S. metro areas in the size of its medical device sector. Colorado Life Sciences Facts and Figures

Kansas Life Sciences Initiatives The Kansas Bioscience Authority reports that Kansas ranks fifth in the nation for biotech strength. Kansas possesses one of the largest concentrations of animal health companies in the world. Kansas researchers are making breakthroughs in oncology, medical devices, and other areas of human health, and are delivering bioenergy solutions to the nation. In addition to the Kansas Bioscience Authority, another organization working toward the expansion of biosciences in the state is KansasBio. Across the human, plant, animal and industrial biosciences, KansasBio is focused on enhancing the business and research climate and working with leaders across the state to attract and retain bioscience talent, companies and funding. • “Kansas’ bioscience industry has grown at a faster rate than the national sector since 2004,” reported the Batelle 2010 industry report. • Kansas bioscience establishments include 464 companies, providing 11,960 bioscience jobs according to the 2010 Batelle report. • Kansas is in its seventh year operating one of the nation’s most successful bioscience growth funds through formation of the Kansas Bioscience Authority’s $581 million fund. • Growth in bioscience employment has increased by nearly 2,000 jobs since formation of the KBA as reported in the agency’s most recent annual report. Kansas Life Sciences Facts and Figures

Raise Your Expectations

23