North Carolina’s Biotech Industry
Research Triangle Park already is legendary in the story of science-based economic development. Now a group of town mayors around Winston-Salem are promoting the Piedmont Triad Research Park, with tax credits, encouraging state pension funds to act as venture capitalists, streamlining the permitting process, and other means. It is sobering though to compare this effort and others like it in the United States, with the Suzhou Industrial Park in Suzhou, China-a 111 square mile development, with 3,300 foreign companies present already, several foreign universities (Singapore University, University of Maryland, University of Liverpool, Yale University, et al) in one of the densest concentrations of high tech talent on Earth. Further, there are at least five other, similar industrial parks in China. SEE NC Story and SEE Suzhou story