Biotech Hub of Southeast
Alabama Becoming Biotech Bedrock
Alabama is home to more than 550 bioscience companies, and more than 10,000 Alabamians work in biosciences. Huntsville plays a pivotal role in fueling Alabama’s growing reputation as the “Biotech hub of the Southeast”. For decades, Huntsville has been home to pioneers in Defense and Aerospace, like Boeing and Northrop Grumman, and engineering companies like Adtran. Today, the Rocket City is emerging as a pacesetter for biotech as well. Since 2006, HudsonAlpha alone has generated more than $1.3 billion in economic impact for the state of Alabama, and generated more than 1,00 jobs (direct and multiplier), according to a recent impact analysis study conducted by the University of Alabama in Huntsville.
BioAlabama Fosters Statewide Biotech Initiative
HudsonAlpha’s Vice President for Economic Development (Carter Wells) also serves as the president of BioAlabama, the state affiliate of the Biotechnology Industry Organization (BIO). As the preeminent national association for biotechnology companies, BioAlabama works to attract new biotech firms to Alabama and to raise public awareness and funding for new life-saving scientific discoveries. Through collaboration with BioAlabama, HudsonAlpha is able to promote favorable biotech legislation, helping to deepen industry roots state-wide. Visit www.bioalabama.com to learn more about how this statewide organization represents Alabama’s bio-related industries, research scientists, clinicians, and business professionals.
Launchpad for Innovation
Alabama’s competitive cost structure and the growing ranks of a skilled, biotech-literate labor pool are not only a dynamic combination, but also the foundation for success for industry leaders seeking to relocate, expand, or open new doors. Asset-rich, pro-business Alabama sits in the cradle of the Biotech Corridor, making it a gateway state for domestic and international interests seeking new markets. Incentives packages, customized training, and support services are available at the state and local level, as well as unique assistance for start-ups.