Palm Beach County is home to 84 life sciences businesses, but more work is needed to build a thriving economic sector in the region, according to a study released Monday.
The Palm Beach County’s Business Development Board revealed a study pointing to the strengths, weaknesses, opportunities and threats in its mission to build a sustainable life science sector.
The report recommends:
• Creating a life science leadership group.
• Fostering awareness of what exists through marketing.
• Identifying industry players who have homes or other investments in South Florida to become involved.
• Enhancing the networking effort.
• Developing a regional identification and identity.
• Providing resources and support to both existing companies and startups.
• Partnering with Florida Atlantic University and other regional universities and life science institutes to catalyze entrepreneurial efforts.
First, the region must agree on an identity for the life science sector and communicate that to the industry’s key players to attract new investment, community leaders said at a meeting unveiling the study.
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