BIO's 2010 Convention contributes $25 milllion to Chicago's economy.
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Press Release Summary:
According to Chicago Convention and Tourism Bureau estimates, 2010 BIO International Convention is expected to contribute over $25 million to local economy. It will take place May 3-6 and is expected to draw 15,000-17,000 industry leaders from 48 states and 60 countries. Covering estimated 200,000 net ft², exhibition will host over 1,800 exhibitors at McCormick Place. Activities will focus on R/D, partnership opportunities, and business models required to meet global health challenges.
Original Press Release:
2010 BIO International Convention Expected to Bring More Than $25 Million to Chicago
WASHINGTON, D.C. - The Biotechnology Industry Organization announced today that the 2010 BIO International Convention is expected to contribute more than $25 million to the local economy, according to estimates from the Chicago Convention and Tourism Bureau. The BIO International Convention returns to Chicago May 3-6 and is expected to draw 15,000 to 17,000 industry leaders from 48 states and 60 countries.
"We're thrilled to be coming back to Chicago after an extraordinary 2006 convention," said Jim Greenwood, President and CEO of BIO. "Chicago is an international city with a strong and vibrant biotech community. And the Midwest region is an emerging biotech hotbed. We're excited to showcase everything the region has to offer."
"Biotechnology is one of the major growth industries of the 21st century. Chicago and Illinois already are major players in this field - and we welcome the opportunity to showcase the depth and breadth of biotechnology in the Midwest to the international leaders of the industry," said Mayor Richard M. Daley. "Chicago is a city where everyone understands the value of conventions and trade shows to our city's economy. We look forward to hosting the 2010 BIO International Convention."
Illinois is home to more than 440 corporate R&D facilities and more than 200 academic, government, and nonprofit research institutions. The state delivers a broad range of products and services, including medicines, medical devices, nutritional products, food and agricultural applications, alternative fuels, industrials, and environmental solutions.
"Illinois is a Midwestern leader in biotech and other emerging fields due in large part to our ability to support diverse industries," said Governor Pat Quinn. "Hosting the BIO 2010 convention reinforces our commitment to seeing this industry grow, and supports a stronger more vibrant economy in the state."
This year's BIO Exhibition will cover an estimated 200,000 net sq. ft. and host more than 1,800 exhibitors at McCormick Place. In 2009, the convention, held in Atlanta, attracted more than 14,000 attendees and exhibitors with approximately one-third from countries outside the U.S. The 2009 event also hosted numerous domestic and international public officials including eight U.S. governors.
"Illinois provides bioscience entrepreneurs with the right balance of highly skilled workers and essential capital, community and international access," said Warren Ribley, Director of the Illinois Department of Commerce and Economic Opportunity. "We know that entrepreneurs will come to Chicago and recognize that the city and state offer an environment where businesses thrive."
Aside from keynote sessions, presentations and breakout sessions at the 2010 BIO International Convention will focus on research and development, partnership opportunities, and new business models required to meet global health challenges. This year, the Convention program will feature more than 125 sessions in 17 tracks. New tracks for 2010 include Delivery and Manufacturing of Biologics, Global Drug Development and Marketing, Innovations in Vaccines, and MarketPlace Watch.
The BIO International Convention helps to support BIO programs and initiatives. BIO works throughout the year to create a policy environment that enables the industry to continue to fulfill its vision of bettering the world through biotechnology innovation. For more information on the global event for biotechnology, including program and housing information, please visit http://convention.bio.org/.
Upcoming BIO Events
BIO-Europe Spring
March 8-10, 2010
Barcelona, Spain
BIO Intellectual Property Counsels Spring Conference and Committee Meeting
April 19-21, 2010
New Orleans, LA
Partnering for Global Health
May 3, 2010
Chicago, IL
McCormick Place Convention Center
BIO International Convention
May 3-6, 2010
Chicago, IL
McCormick Place Convention Center
2010 BIO Human Resources Conference
May 4-7, 2010
Chicago, IL
World Congress on Industrial Biotechnology and Bioprocessing
June 27-30, 2010
Washington, DC
BIO's Livestock Biotechnology Summit
September 28-30, 2010,
Sioux Falls, SD
About BIO
BIO represents more than 1,200 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world's largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.
