Metrics for Economic Development
Milestones, the critical thinking company, presents a report, originally
published in Genetic Engineering News, that reexamines
the economic development metrics regions utilize to facilitate biotechnology
development.
For decades, economic development has been focused on the goal of bringing jobs to
a region. What if the evaluative criteria for economic development success was
refocused from jobs to the number of products a region’s businesses produced
directly on their own or indirectly through sales and marketing
partners, universities, and biotechnology companies? What if an important goal was creating an innovation
milieu that was focused on scouting out and mitigating
roadblocks to commercialization of products?
Metrics for Economic Development
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