NE Ohio attracting significant health care investment

"Investment in new health care companies in Northeast Ohio nearly tripled last year, bringing more than $240 million to the region and providing some of the strongest evidence yet that bioscience is key to Cleveland's economic future." (Source: "Investment in Northeast Ohio health ventures takes off," The Plain Dealer, Jan. 22, 2008.) Baiju Shah, president of BioEnterprise, the region's bioscience company developer, said during each of the last five years Northeast Ohio's health care companies have attracted an average of more than $100 million in investments. In addition, "A report by JumpStart Inc., the region's venture developer, found that biopharmaceutical, medical device, and health care information technology and service companies accounted for nearly three quarters of the $318 million in venture investments made in the region."