The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Tag Archives: GDEcD

TBI Breakfast: BIO and Biotech in the State of Georgia

I just came back from a very enjoyable TBI Breakfast with talks by Carol Henderson, the Director of the Georgia Department of Economic Development and Graeme McRae, the Chairman & CEO of Bioniche Life Sciences, Inc. which has an Animal Health division facility in Athens, Georgia.

Graeme’s talk, as usual, was very interesting and not very print-able.

Carol’s talk was also great.  Of course, Atlanta, Georgia is hosting BIO 2009, which is moving ahead full-steam.  Georgia also has some interesting capabilities and initiatives

Most interestingly, the State has a life sciences facilities fund that provides low interest loans secured by fixed assets to assist start-ups with finding appropriate space.   Carol mentioned that the program just funded a 15-year loan with deferred interest at 60% of Prime.

Here in Ontario, we have also identified access to facilities as a key area for government support, and the Georgia program is a model that I haven’t heard discussed here.

Bookmark and Share

Follow

Get every new post delivered to your Inbox.

Join 126 other followers