Ohio’s diverse biohealth industry is built upon world-class universities and research centers, a thriving entrepreneurial ecosystem, and strong medical device and pharmaceutical manufacturing organizations. Bioscience companies leverage Ohio’s big data and healthcare infrastructure to get ideas validated, increasing the speed to development and commercialization of life-changing innovations. Ohio is also among the seven largest medical states for research consortiums, led by the Cleveland Clinic. A total of 3,186 biohealth-related organizations operate in the state, including Cardinal Health, Steris and Ethicon. Only in Ohio do emerging and mature innovative biohealth companies have the prescription for success with access to:
- Cutting-edge research being done at medical centers such as Cincinnati Children’s, Cleveland Clinic and The Ohio State University Comprehensive Cancer Center - Arthur G. James Cancer Hospital and Richard J. Solove Research Institute.
- A strong logistics infrastructure to facilitate speed to market at any point in the supply chain. About 90 percent of U.S. pharmaceutical companies are distributed through Columbus alone.
- A well-funded entrepreneurial ecosystem supported by programs like Ohio Third Frontier.
- The JobsOhio Research and Development Grant program, which offers financial support to organizations focusing on commercialization and next generation healthcare applications.
A century-old steam plant in downtown Toledo that once supplied heat to numerous adjacent buildings is now a state-of-the-art office space for a major health care organization. This is a new and exciting chapter for Toledo’s economic development. In August 2017, nearly two years after announcing a major consolidation and revitalization project, ProMedica began moving nearly 1,000 employees into its new headquarters on Toledo’s downtown riverfront.