Biotech in trouble?:
It seemed that, earlier this year, we were all giddy that a European pharmaceutical/biotech giant had decided to locate its world research headquarters in Cambridge, showing, as we were told, that Massachusetts has a strong edge in the medical research field. Now we’re being told Massachusetts is losing its biotech edge
, as other states attempt to snatch some of our biotech pie. Two quick observations: 1.) There is a lot more we can do to promote the industry (such as making the zoning and permitting process here more sane etc.). 2.) We’re just going to have to accept that other states aren’t going to sit idly by as we establish an economic agglomeration. Bottom line: Let’s not panic. There’s work to be done, yes. But it’s also normal for upstart rivals to challenge another’s position of strength. ... Post script: Don't you get the distinct impression the biotech industry is angling for a special tax break down the road? ... For those worried about Massachusetts’ economy, check out this column by Tom Keane
. We’re ranked No. 3 in ‘competitiveness’ while still needing to do a lot more on the housing, transportation and financial fronts.