Top Five Reasons Palm Beach County is an Innovative Hub for the Life Sciences
Business Development Board of Palm Beach County / December 11, 2017
Palm Beach County’s life sciences industry is not only fast-growing, but extremely collaborative. Here’s the top five reasons Palm Beach County is an innovative hub for the life sciences:
1. It’s home to two world-renowned research institutions.
|Max Planck Florida Institute for Neuroscience|
Palm Beach County is anchored by two of the world’s premier research institutions, the Scripps Florida Research Institute and the Max Planck Florida Institute for Neuroscience. The co-location on a single campus of these premier institutes creates a research environment that is replicated nowhere else. Together, they focus on cancer, chemistry, neuroscience, immunology and microbial sciences, metabolism and aging, and molecular therapeutics, bio-imaging, bio-sensing, cellular mechanisms, and other basic, applied and translational biomedical research.
2. The partnerships are endless.
|Scripps Florida located on Florida Atlantic University’s Jupiter campus|
Palm Beach County encourages partnerships between institutions, corporations, universities, and communities. The major research institutes collaborate and partner with a community of over 100 innovative companies. For example, Florida Atlantic University’s Jupiter campus is home to Scripps Florida and Max Planck, where students and local biotechnology companies conduct research with the world’s best scientists. The result is a workforce ready to reinvent, research, and inspire world-changing technologies. Palm Beach County is also home to Florida Atlantic University’s Charles E. Schmidt College of Medicine, which educates aspiring new doctors in the healthcare industry.
3. It has a Life Sciences Advisory Council that works to strengthen and grow the industry.
|Gina Melby, CEO of JFK Medical Center (Co-chair), John Couris, President & CEO of Jupiter Medical Center (Co-chair), and Kelly Smallridge, President & CEO of the BDB|
The Life Sciences Advisory Council is composed of research organizations, universities, companies, investors, and government officials all coming together to nurture a Life Sciences Ecosystem for job creation and economic Development in Palm Beach County. The council serves as the oversight group of leaders responsible for the execution of the 2016 Palm Beach County Life Science Industry Study.
4. The numbers prove that the industry is fast-growing.
|KRS Global Biotechnology located in Boca Raton|
It’s home to over 153 companies primarily engaged in R&D or manufacturing of biotechnologies, medical devices, and pharmaceuticals. Over 7,388 people are employed in the life sciences and related industries, which doesn’t include all of the healthcare providers or hospitals located in the area. Since 2006, there’s been 2,377 patents issued in Palm Beach County for life sciences and related industries and $40.87 million has been awarded in NIH Grants.
5. It’s the perfect business climate for a life sciences company.
|Harbourside Place in Jupiter, FL|
Our business-friendly tax structure, diversity, proximity to a major international airport and executive airports, access to art and culture, and desirable lifestyle are attracting many life sciences companies. They’ve quickly learned that Palm Beach County is the perfect place to live, work, play, and raise a family.