Valley is Long Shot for Biotech

Posted on June 12, 2002 | Type: In the News
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Arizona is late getting into the game and will have trouble becoming a major player in the biotechnology industry, the Brookings Institution said in a report released Tuesday.

The Brookings report looked at how 51 metropolitan areas stacked up in aspects such as biotechnology infrastructure, venture capital funding and biomedical research funding. The Valley and nine other metro areas ranked in the bottom of four tiers....

The report by the Brookings Institution, a respected liberal think tank based in Washington, comes on the heels of a report by the Goldwater Institute, a local conservative think tank, questioning expenditures in an effort to plan the economy....

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