Biotech in the Bluegrass State Cabinet for Economic DevelopmentPonte Aen Ueno See ac moaned is making headlines around the globe, including _is working to turn science into commercial the nation’s first successful hand transplant Brera Nec ie Rana in 1999 and the world’s first implant of the research universities and created a state-funded AbioCor artificial heart in 2001 ee ea oe eco Competitive. Kentucky has ranked among the top six states re Ree eR RT eee Ua Men eT Competitiveness Award, which measures business-expansion activity CORO cre Pe OR CL ec Ue sR Ce RUS Hk CALS) ECR nail semen en uae ec Middle of everything. Kentucky is within a day's drive of two- thirds of the nation’s population, making shipping faster and Rees ues Sener ee cute ae re me eS lea eae) you can ship things late, and they still arrive the next day. = Low-cost power. Kentucky has had the lowest electrical rates in the country for the past five years. Lower taxes. In 2005 Kentucky completed a comprehensive overhaul of its tax system. Among other things, we eliminated the corporate license tax and the personal property tax on intangibles. Incentives. Kentucky has some of the most progressive financial reco pias Bere ECan Caress Te mACe aoa eertace (on Statewide commitment. Kentucky's strategic plan for developing Pee er mec ae ekuns biosciences and human health and development. A capital idea. Kentucky has enacted legislative changes that promote the organization and operation of venture capital funds an ceanntaCenters to help entrepreneurs and startup Teoma mesure en a cn Ware SACI) Neen ae ge tesco Een tees cn cue) Dae ae Ran ras Vacs es mead anon ete ana Rese Toure that support seed-stage and early-stage have your company seeing green. Kentucky is big on biotech & Biotech is booming. Kentucky is home to hundreds of bioscience and biotechnology-related companies, working in areas from nutrigenomics and pharmaceuticals to natural products and medical devices. = Bucks for Brains. The state's “Bucks for Brains” program is Reha Rut OWS M tai Cm Orc Comes bioscience and medical researchers. jm Start you up. Kentucky's state-funded network of Innovation and eT ere MMs ce Race Lac Cia) high-growth, knowledge-based businesses since 2002, including biotech companies, and over 800 high-paying jobs. | Incubators are in. Our technology business incubators and accelerators provide startups and small companies statewide with critical business expertise, in addition to low-cost office space, eure A Ut lg lace Cm KOU Business Lab in Louisville and the Advanced Science and Technology Commercialization Center in Lexington both specifically support biotechnology-related startup companies. § State investment. Kentucky has established Commonwealth Seed Capital, LLC, to invest state funds in support of early-stage ere meer oa cu ea eur ee cud of funds that promote and provide capital for early-stage technology eer cure ancy er ed RY AAEM ou CUR aCe ae aac & State grants. The state of Kentucky is a leader in pro and other incentives to high-tech companies. ing grants 4Kentucky's Biotechn E Biotechnology Company, Facility, or Cluster iP Technology Incubator wa D> or Accelerator = : - pK State University 2 Innovation and -Commercialization Center = Sst “Innovation Center SA _Tonasnle international airport (118 miles). \CINCINNATI Saphe - i ersity oe Se Dh i Apo a x z State Capitol "Kentucky State University ee = —"" University of Kentucky “ s ry a tee = 5 d., A = 1 —s aera Se . 2 eit = a a— rug) SI = nga - eo te a | — ancy OM ae aa ee Ge ee os ean : oa To Knosvile Airport (75 mites) |‘Kentucky's borders are within 600 miles Of two-thirds of the U.S. population.Kentucky Lg ee eee Peake eee) ereronunss Soe recat eral CR yl ree Ae Ace)