Xconomy: Seattle Is #3---Where Does Michigan Want To Be?
Summary
(Neither will Seattle, San Diego, Washington DC, North Carolina’s Research Triangle, or anyplace else for that matter…) So what can Michigan do to get into the echelon of the above mentioned geographies?Second, set up a state-backed mechanism to support venture capital investment in biotech startups in Michigan.However, the state would need to avoid the pitfall of having any say in the investment decisions or limiting the scope to only technologies generated in Michigan.Finally, create a personal tax structure and state infrastructure that is attractive to anyone thinking about relocating to Michigan.The K-12 public education system (the one thing that most biotech employees think about most in considering whether to move somewhere) needs to be top-notch—among the elite nationally.