Mpls makes the list (again)
Posted on May 20th, 2009 – 11:03 AMBy Thomas Lee
Minneapolis ranked ninth in the top metropolitan life science clusters in the country, according to a recent report by the Milken Institute. The city previously finished eighth in the 2005 study.
Minneapolis earned a 78.2 out of 100 based on factors like employment, research and development capacity, output, work force, investment and dozens of other measures.
Top spot went to Boston (no surprise there) while San Diego finished just ahead of Minneapolis at eight (big surprise there). The Southern Californian city, known for its thriving biotech industry, scored just a 78.7, down from 90.7 four years ago. Ouch.
The Milken Report defines life sciences as biotechnology, pharmaceuticals, life sciences R&D, medical devices and health-care services. Given the presence of Medtronic and UnitedHealth, it’s not hard to see why Minneapolis made the list.
But it will be interesting to see how the rankings will look in 2013, given Steven Burrill’s efforts to create a $1 billion investment fund to attract biotech companies to the Elk Run Biosciences Center outside of Rochester.
2 Responses to "Mpls makes the list (again)"
Our patent attorney per person density is also quite remarkable. We have more registration numbers per capita than many larger cities.
Tom,
The Millken Report pointed out that Minnesota (they really shouldn’t have said Minneapolis since there are lots of life science firms on the St. Paul side) is near the top for medical devices but absolute bottom for biotech and health services.
I don’t understand what they mean by health services since we are world renowed for the quality and innovation of our health care delivery system.
But it is great to be considered one of the players, and a top ten one!
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