States Flock To Biotech Like Gamblers To Lottery Tickets

More states than ever are gambling millions of dollars on a bet that biotechnology can be their next job engine. Florida lawmakers last month approved a $310 million biotech research center proposed by Gov. Jeb Bush just three months ago. New York launched a media campaign in September to woo more biotech investors. In the past two years, New Mexico, Kentucky and Arkansas started venture-capital funds to attract and nurture biotech start-ups.

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