Ohio Bioscience and Healthcare Industry Impact: $148 Billion

Report available here.

More information on linking education and medical science (one of two major opportunities for the Euclid Avenue corridor) Eds and Meds: Cities Hidden Assets and “Eds & Meds” and Metropolitan Economic Development

Last 5 posts by Ed Morrison

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2 Responses to “Ohio Bioscience and Healthcare Industry Impact”

  1. Justin Balck Says:

    Sure, we’ve heard all this stuff before. People have made their careers progniscating about how bioscience will save Ohio. (Is this the impetus for the business plan-free Medical Mart?)

    Hospitals should be removed from the definition, as they skew the employment and economic impact results.

    My argument here is to make a restricted definition of bioscience so that it’s impact can be realistically measured and reasonable plans can be made to grow it.

  2. Ed Morrison Says:

    Justin:

    You have a good point. Broad studies are not economic development. At their best, they point to opportunities.

    What’s needed are more collaborations that promote the disciplines of open innovation among companies and the organizations that support them.

    Here’s a good example: the Milwaukee 7 Water Council. They have embraced Open Source Economic Development and strategic doing.

    http://www.milwaukee7-watercouncil.org

    In a week or so, I’ll be heading to Milwaukee to participate in another M7 workshop and Water Council summit. This is the type of cluster-based innovation that works. It gets beyond the broad generalities to focus on specific opportunities.