Despite a sluggish economy and the slow process of bringing a biotech hub to the Treasure Coast, local officials believe the industry could transform the region in the next decade.
“Five years from now is going to be really exciting,” Economic Development Council of St. Lucie President Larry Pelton said. “I think 10 years from now is going to be enormous. You won’t recognize our county.”
Thousands of jobs, improved wages and hundreds of acres of state-of-the-art biotech facilities are among the benefits officials tout when talking about the biotech sector. But stumbling blocks exist in the form of limited lenders, increased competition for federal grants and a slow economy.
To read the full article on TCpalm, click here.
“Five years from now is going to be really exciting,” Economic Development Council of St. Lucie President Larry Pelton said. “I think 10 years from now is going to be enormous. You won’t recognize our county.”
Thousands of jobs, improved wages and hundreds of acres of state-of-the-art biotech facilities are among the benefits officials tout when talking about the biotech sector. But stumbling blocks exist in the form of limited lenders, increased competition for federal grants and a slow economy.
To read the full article on TCpalm, click here.
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