Press Releases


Contact: Lisa Rowe-Ralls
Council for Entrepreneurial Development
lrralls@cednc.org

919.549.7500 ext. 109
Fax: 919.549.7405
www.cednc.org

Governor Easley proclaims May 20th as "Biotech Day" in NC

May 17, 2002, Research Triangle Park, NC - North Carolina Governor Michael F. Easley recently issued an official proclamation proclaiming May 20th "Biotech Day" in North Carolina, indicating the growing importance and impact of biotech companies to the state's economy. Lt. Governor Beverly Perdue will present the proclamation May 20th at Biotech 2002, co-hosted by the Council for Entrepreneurial Development (CED), the North Carolina Biotech Center (NCBC), the North Carolina Biosciences Organization (NCBio), and the national Biosciences Industry Organization (BIO).

"Governor Easley's proclamation clearly recognizes the leadership of North Carolina's biotech industry in developing research solutions to impact everyday lives," said Monica Doss, president of CED. "Statewide, our start-up companies, large research corporations, and universities and community colleges - focusing on R&D, clinical trials, and manufacturing - speak volumes to the strength and diversity of our life science economy as the nation's premier biotech 'one-stop shop.'"

About the Biotech Industry in NC
Currently, North Carolina has about 140 biotechnology companies that generate more than $2.5 billion in annual revenues. These companies employ about 17,000 North Carolinians and represent an annual payroll of more than $850 million. The biotechnology industry in North Carolina is growing 10 to 15 percent a year. By 2025 as many as 125,000 North Carolinians are projected to work in biotechnology, and annual revenues will likely approach $24 billion.

About Biotech 2002
Biotech 2002 is the 11th annual conference celebrating the thriving life sciences industry in North Carolina. This daylong event, scheduled for May 20, 2002 at the Sheraton Imperial Hotel in Research Triangle Park, NC, features company exhibits as well as expert panel discussions on the industry's hottest issues, including: stem cell research, biotechnology in public health, genomics challenges, the international marketplace, and life science investing. www.cednc.org/biotech/2002

About CED
The Council for Entrepreneurial Development, located in Research Triangle Park, NC, is a private, non-profit organization formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED is the largest entrepreneurial support organization in the nation with more than 5,000 members representing 1,200 entrepreneurial companies, financiers and professional firms. www.cednc.org.

###