May 3, 2019
The Chicago area’s long-established life sciences sector is less robust than it seems, with employment in the industry down 13.6%, according to a white paper from the Near West Side’s Illinois Medical District (IMD). The paper advocates a comprehensive push by both public and private sectors, including the establishment of an innovation district.
Establishing such a district, according to the paper, “can bring startups, research institutions, industry stalwarts and investors together into close proximity in order to foster a collaborative environment favorable to innovation” in life sciences.
However, said IMD CEO Suzet McKinney, “We can’t discuss expanding the life science industry in Chicago without putting people and their health first. It’s time for the state and city to get involved and insist on a responsible expansion that strengthens Chicago’s national position as a life sciences leader, before it loses more ground—and serves underserved communities at the same time.”
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