EY Announces Winners for the EY Entrepreneur Of The Year™ 2014 Upper Midwest Award

Austin Commercial Photographer - Ernst & Young Entrepreneur of t

EY has announced the winners of the EY Entrepreneur Of The Year™ Award in the Upper Midwest. This group of leading entrepreneurs was selected by an independent judging panel made up of regional business leaders. The winners were revealed at a black-tie gala on Wednesday, June 11, 2014, at the Hyatt Regency Hotel in Minneapolis, Minnesota.

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#BIO2013 The Economic Engine of Biotechnology in Illinois


Today iBIO, Ernst & Young, and the Illinois Science & Technology Coalition released the The Economic Engine of Biotechnology in Illinois Report.

The Economic Engine of Biotechnology in Illinois Report is the first, comprehensive report on the economic impact of the biotechnology industry on the Illinois economy. This report will be used as a baseline for future updates. Ernst & Young used a series of in-depth interviews with industry leaders, combined with a thorough analysis of the data, statistics and metrics from dozens of independent sources to develop the comprehensive analysis of our community.

Topline Results from the report:

Illinois is at the core of the most vibrant biotech cluster in the United States:377,900 employees in more than 16,800 establishments

A Snapshot of the Economic Impact of Illinois Biotechnology:$98.6 Billion in Economic Output—52.4 Direct, 46.2 Indirect/Induced81,000 Direct Jobs, 288,000 Indirect/Induced, for a total of 369,0003,572 Illinois Biotech CompaniesNearly $2.9 Billion in Total State and Local Tax Revenue – 1.1 Billion Direct, 1.8 Indirect/InducedimageThe release of this report is very exciting. It is the culmination of a year long project, that would not have been posible with out the partnership with Ernst & Young. I hope the community takes ownership of this report and not only celebrates the great success we have experienced, but also the areas where we need to improve. So that our community can continue to grow and in a few years we can once again see the great progress we have made.

Click here to read the full reportClick here to read the key findings

This is a conversation, not an editorial. Did I forget something, get it wrong or do you agree? Please Comment, Like, Re-Tweet and Share.




#BIO2013: iBIO, ISTC, and Ernst & Young to release Industry Report

This morning John Pletz from Chicago Crain’s ran the article: Are Illinois, Midwest the best-kept secrets in biotech?. The article focuses on a year long project by, iBIO, the Illinois Science & Technology Coalition, and Ernst & Young.

The goal of the study was to to benchmark the current position of the industry, and establish a framework by which to assess trends on a longitudinal basis in order to better inform strategy development, public policy and industry / research institution engagement.

The study sought to:
1. Quantify the size and economic and fiscal contribution of Illinois’ biosciences community.
2. Develop case studies to showcase successes and convey the maturation of the Illinois biosciences ecosystem.
3. Identify areas of future growth for the community. Pages from 10270_iBio_EconomicEngine_B032813

On Monday, April 22nd, at 12:30pm the study partners and Governor Quinn will release the full report in the Illinois Pavilion at the opening of the BIO convention.

If you are at the BIO convention stop by the Illinois Pavilion to pick up a copy of the report. On Monday I will send out links to the report and an overview of the press conference.

Do you have news you would like to share, ideas about articles, or just something you want to get off your chest. Share them with me, john@catalyzingillinois.com.