State economic development agencies are engaged in a variety of efforts to increase the capacity of the state to attract or create new biotechnology firms. Some states have established well-endowed organizations dedicated to promoting biotechnology, whereas others have adopted more modest...

“Third-wave†state economic development strategies have been widely acknowledged to reduce high-stakes incentives and promotions and have shifted emphasis from firm-based programs to broader regional programs. Although the change is well documented, less consensus has emerged about...