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The Valley Of Innovation Springfield Biotechnology Summary Report, Center For Economic Development

Center for Economic Development Technical Reports

The Valley of Innovation is a new industrial region that is being formed as the result of recent technology transfers and significant growth in the biotechnology sector. The region includes part of western Massachusetts along with Central Connecticut and runs from north to south along the I-91 corridor, following the general borders of the Connecticut River Valley. The region extends from the University of Massachusetts at Amherst, through Springfield, Massachusetts, and continues past Hartford, Connecticut, to New Haven, and down I-95 towards New York State.

Currently in embryonic form, the region has the potential to grow rapidly. It is nurtured …

Biotechnology And Industrial Development, Center For Economic Development

Center for Economic Development Technical Reports

Biotechnology is defined by the industry as the commercial application of modern biology. It is a fairly young industry and it recently celebrated its 20th anniversary in 1996. There are over 13,000 biotech companies in the United States which employ over 100,000 people. The main focus of their research includes agricultural, environmental and medical applications. The agricultural sector research is directed towards food, food processing, animal and plant breeding applications. The areas in medical research include pharmaceuticals, gene therapy, medical instruments and medical software. Environmental applications deal with bioremediation, biopesticides and other alternatives to waste removal. The biotech industry is …