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Maureen Donohue Krauss Director, Economic Development & Community Affairs. www.medicalmainstreet.org. What is Medical Main Street?.
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Maureen Donohue Krauss Director, Economic Development & Community Affairs www.medicalmainstreet.org
What is Medical Main Street? • Medical Main Street is a unique alliance of world-class hospitals, universities medical device and biopharma companies creating a global center of innovation in health care, research & development, education and commercialization in the life sciences industry.
Top Employers in Oakland County • William Beaumont Hospital • General Motors Co. • Chrysler Group L.L.C. • Trinity Health Corp. • St. John Health System • EDS Corp. • Blue Cross Blue Shield of Michigan/Blue Care Network • U.S. Postal Service • Oakland County • Botsford Health Care • Henry Ford Health System • Comerica Bank • Flagstar Bancorp Inc. • Rochester Community Schools • Walled Lake Consolidated Schools • Delphi Corp. • Farmington Public Schools • Chase • Waterford School District • Robert Bosch L.L.C. • Troy School District • Huron Valley Schools • Oakland University • Kelly Services Inc. • Lear Corp.
What the Anderson Economic Group Study Tells Us • The study confirms …… • Life science/health care is the fastest growing sector for Oakland County!
MEDICAL HOSPITALS SPECIALTY HOSPITALS PHARMACEUTICAL MANUFACTURING EQUIPMENT MANUFACTURING RESEARCH & DEVELOPMENT NURSING CARE CLINICS & LABS OFFICE CLUSTER 4,324 facilities
Employment 45,000 new jobs Job Growth TrendPotential
Why Michigan? • 4,900 Active Clinical Trials in Michigan—more than California (3,439), Florida (3,057), Texas (3,126), and New Jersey (2,006) • Over 35 University Research Centers dedicated to Life Sciences Topics • 50 Hospitals & Medical Centers in Medical Main Street • Over 7,500 practicing physicians (25% of the state’s physicians- highest percentage in State) located in Medical Main Street • Over 3,300 Biotech Degrees granted from Michigan universities every year
Oakland County’s Global Economy Oakland County has 910 businesses representing over 700 foreign-owned firms from 34 countries
Oakland County Automation Alley Board Members Ambassadors • Beaumont Hospitals • Crittenton Hospital • Delphi Medical Systems • Ferndale Laboratories • Henry Ford Health Systems • Housey Pharmaceuticals • Lumigen, Inc. • McLaren Health Care Corporation • MichBio • Oakland University • Oakland Community College • Providence Park Hospital • Rockwell Medical Technologies • Somanetics • St. Joseph Mercy – Oakland • Trinity Health
Strategies • Attraction and Growth of Complementary Life Sciences Companies • Branding this region as a Global Center of Excellence in Health Care • Increased Government and Foundation Support for Companies (with emphasis on Legislative Initiatives) • Encourage Commercialization Activities • Workforce Development
Next Steps Trade Shows/Conferences • MEDICA Show in Dusseldorf, Germany - November 2009 • RSNA (Medical Imaging) Show in Chicago - November 2009 • Medical Device Diversification Seminar - December 2009 Continue Promotion/Branding Efforts • Launch New web site • Articles in Various Media: Prosper-Oakland, Michigan Biotech News, Michigan Medical Device News, Crain’s Detroit Business, Los Angeles Times, Health Radio Network • Articles in Trade Media: Life Clusters Magazine (UK), Medical Products (online), Pharmaceutical Review, MD&D, BIO Review • Sponsor, Hour Detroit’s Top Docs 2009 Party • Run Ads in: Hour Detroit (October), X-ology , Detroiter Magazine, BioMatters • Mailed promotional pieces to 3,000 Michigan physicians and surgeons • Mailed postcard to Life Sciences companies in Michigan