How Virginia is Leading the Way in Biohealth Innovation
Earlier this week, Vibrent Health welcomed Virginia leaders to our office to discuss how we can make the state a leader in biotechnology. Governor Terry McAuliffe is committed to this mission, and we’re excited to collaborate to help make it a reality.
Governor McAuliffe has already made tremendous strides. Named the 2016 BIO Governor of the Year by the Biotechnology Innovation Organization (BIO), he has strengthened the biotech sector by supporting tax incentives, research initiatives, and workforce development through university research parks.
“Biotech innovation is key to building a new Virginia economy, and we have made it a top priority to encourage growth in this exciting sector. This emerging industry has tremendous potential to make our Commonwealth stronger, healthier and more competitive in the 21st century economy. I am honored to receive this acknowledgement of our administration’s commitment to strengthen and expand an industry that is working to heal, fuel and feed the world.” – Governor Terry McAuliffe
Virginia has built a strong foundation in the information technology (IT) space, with the second-highest concentration of technology workers in the nation. There are over 180,000 IT jobs in Virginia, and the industry has a direct economic output of $43.7 billion. The state is also leading the way in cybersecurity. Virginia was the first state to adopt the National Institute of Standards and Technology (NIST) Cyber Framework, and its historic digital identity legislation is now used as a model for other states.
The time is ripe for biohealth innovation in Virginia. With a solid foundation in place, it’s time to create lasting public-private partnerships to propel this mission. The region is home to some of the nation’s leading life sciences companies, universities, and research institutions. By working closely together, we can create real change that helps people live healthier, longer lives.
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