Task Force on the Study of Biotech Competitiveness

On March 11, 2011, in Uncategorized, by staff

Created by the 2007 Florida Legislature, the Task Force on the Study of Biotech Competitiveness (“Task Force”) is charged with studying economic policies necessary for increasing Florida’s competitiveness in attracting and retaining biotech manufacturing and distribution businesses.

The 17-member Task Force focused on securing Florida’s competitive edge in the growing biotech sector. Points considered include: attracting more federal dollars while securing the biotech industry’s key role in the State’s economic development strategy; evaluating Florida’s education and workforce training opportunities to ensure the workforce is prepared for jobs in the biotech sector; and recommending changes on the state’s corporate tax structure, water policies, state employee health plans, Medicaid and private health insurance policies to ensure they support the biotech industry.

The Task Force is comprised of seven members appointed by the Governor and five appointed by each the President of the Senate and the Speaker of the House. The Governor’s Office of Tourism, Trade and Economic Development provided support staff.

The Task Force hosted a number of discussions which focused on growing and improving an environment which would foster the development of Florida’s biotechnology economy. On August 12, 2009 the Task Force submitted its Final Report and Recommendations to the Governor, Senate President and Speaker of the House.

The Task Force’s final recommendations identified three key areas of focus: Entrepreneurship, Growing Florida’s Existing Biotech Industry and Recruiting Biotech Companies to Florida. These recommendations have the capacity to give Florida a competitive edge during a time when existing biotech hubs are competing for limited resources.

For questions about this report or to contact the Task Force, please call the Governor’s Office of Tourism, Trade and Economic Development at (850) 487-2568 or via email at biotechtaskforce@eog.myflorida.com

 

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