West Virginia Department of Commerce Economic Evolution

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Economic Evolution

Economic Evolution

By Catherine Zacchi

Innovation and technology are transforming the economy around the world.

West Virginia is contributing to this trend with advances in the emerging field of bioscience. A new study - Battelle/BIO State Bioscience Industry Development 2012 - cites bioscience as “a large and rapidly growing segment of the world economy.” From 2001-2010, the sector added jobs in 34 states, including West Virginia.

“The bioscience industry is creating new technologies – pharmaceuticals, diagnostics, medical technologies, chemical processes and more – that not only advance science but also provide high-wage jobs to West Virginia residents,” said Derek Gregg, a founder and CEO of Vandalia Research, a Huntington-based biotechnology company specializing in the large-scale production of DNA sequences. Gregg also serves as chairman of the nonprofit Bioscience Association of West Virginia (BioWV).

“A successful life science industry begins with research, which then leads to discoveries,” Gregg said. “Those discoveries then provide the basis for company development and economic growth for the state. West Virginia is having success but there is much more that can be done to help grow this industry within our borders.”

Incubating ResearchIncubating Research
The state’s research universities cultivating a new economy.

Cultivating CapitalCultivating Capital
Transitioning a commercial product into a long-term investment of intellectual and financial capital.

Delivering ResultsDelivering Results
Startup enterprises and corporate innovators continue to expand and help our economy grow.

A Factory for the Scientific AgeA Factory for the Scientific Age
Developing new technologies to improve our life and overall health.

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