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BUSINESS IN MICHIGAN
 
MICHIGAN: A STATE DEDICATED TO LIFE SCIENCES GROWTH

Business in MichiganLife sciences have been a vibrant part of the Michigan economy even before the first car rolled off the assembly line. Detroit was home to the most important pharmaceutical firm in America, Parke-Davis, which introduced new production methods such as standardized doses, and the first treatments for diphtheria and epilepsy. From Dow Chemical to the headquarters of Stryker and Perrigo, Michigan’s life sciences industry continues to expand the frontiers of medical knowledge.

The 21st Century Jobs Fund is bringing a new round of investment to life sciences companies, large and small – more than $2 billion over 10 years – sparking innovation and further diversifying our state’s economy. And the Michigan Pipeline will soon initiate commercialization pathways complete with advice and guidance from experienced, business savvy mentors and vital services to help turn ideas into marketable products that improve life.

Whether yours is an expanding company, a fledgling startup, or a research institution, there is a thriving home for the life sciences in Michigan, and we invite you to be part
of it.
 

Michigan Life Sciences Industry at a Glance:
  • 542 companies
  • 31,777 employees
  • $4.8 billion in sales
  • Michigan's life sciences industry focuses on: pharmaceuticals, medical devices, instrumentation, diagnostics and biotechnology research and ancillary services
  • Since 2000, 92 new companies have been created, making Michigan's life sciences industry the fastest growing in the nation
  • 92 new companies created 450 jobs and generated $34 million in private investment
  • Michigan's 10 SmartZones and 7 business accelerators aid life sciences start-up companies and provide office and lab space, as well as some equipment
  • In 2004, $25 million will be invested to foster growth in life sciences, advanced automotive technologies, homeland security companies and research through the Technology Tri-Corridor
  • The Research Michigan Guide, offers information on the types of life sciences research being conducted at Michigan's 15 public universities
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