“Since McKesson acquired General Medical in 1997, our Medical-Surgical business has maintained its headquar-ters in Henrico County. Over those years, McKesson has benefited from the diverse talent pool in the Greater Richmond area. This talent pool has been a strategic advantage for us. The region consistently proves to be a valuable aspect of our recruitment efforts.”

Stanton McCombPresident,

Medical-Surgical, McKesson

Corporation

Greater Richmond, Virginia

There are more than 300 bioscience firms in the state

Va. bio businesses are growing at nearly 60% above the U.S. rate

VCU implanted the first artificial heart on the East Coast

Greater Richmond has more than 17,000 workers employed in computer occupa-tions and is recognized as a top location for IT workers. Regional technology strengths include bioinformatics, health benefits man-agement systems, electronic health records, medication management, patient monitoring software and medical equipment supply chain solutions.

Virginia Commonwealth University provides invaluable R&D as well as opportunities for early stage and established companies at the Virginia BioTechnology Re-search Park. Richmond is home to a burgeon-ing medical device community and estab-lished firms like Pfizer and Fareva as well as the suppliers who support the sector.

Richmond is home to four teaching hospi-tals with a broad range of nationally ranked specialty areas including cancer treatment, neurosurgery, rehabilitation, and kidney disorders. A combination of top-quality care and cutting-edge treatments makes Richmond a preferred health care destination.

KEY COMPANIES

Below is a representative list of health and life science-related businesses that operate in the Greater Richmond region:

VIRGINIA COMMONWEALTH UNIVERSITY

n A “Top 100” life sciences research center.n More than $270 million in sponsored research in 2015 and designated as a research university with high research activity by the Carnegie Foundation.n Medical College of Virginia - The largest teaching hospital on the East Coast and one of the largest in the nation.n A Level I trauma center and one of only two NCI-designated cancer centers in Virginia.n da Vinci Center for Innovation - A collaboration of the Schools of the Arts, Business and Engineering, offers a collegiate model that advances interdisciplinary innovation and technology-based entrepreneurship.n School of Engineering - Offers undergraduate and graduate degrees in biomedical, chemical and life science, electrical and computer, mechanical, and nuclear engineering and in computer science.

Health Information & Management Life Sciences Innovative Care

SECTOR HIGHLIGHTS

More than 4,000 life science students graduate each year.

Bon Secours Health System Hospital system

Clinical Research Partners Clinical trials

Fareva Pharmaceutical manufacturing

HCA Virginia Health System Hospital system

Kaléo Specialty pharmaceuticals/medical devices

McKesson Medical-Surgical, Inc. Medical and surgical supplies

Owens and Minor Inc. Medical and surgical supplies

Pfizer Pharmaceutical R&D center

PPD Development CRO discovery, R&D Phase I & IV development

True Health Diagnostics Clinical testing laboratory

VCU Health System Teaching hospital

Va. Division of Consolidated Laboratory Services Analytical testing services to the Commonwealth of Virginia

Wako Chemicals USA Specialty chemicals & diagnostic reagents manufacturing, R&D

INDUSTRY INCENTIVES

Below is a sampling of available incentives relevant to the health and life science industry. Contact the Greater Richmond Partnership, Inc. for further information about additional incentive opportunities.

In 1962, MCV Hospitals opened the first Clinical Transplant Center which

remains the longest standing unit of its kind in the U.S.

Every organ donation and transplant in the U.S. comes through downtown Richmond through the vast computer

system at the United Network for Organ Sharing (UNOS) headquarters.

Bon Secours Virginia Health System was one of twenty five companies in

the nation to be named Best Company for Multicultural Women by

Working Mother.

Commonwealth Research and Commercialization Fund

Provides grants to technology firms, loans to construct wet-labs and support for the Virginia Small Business Innovation Research (SBIR) Match Program.

Bioscience Investment Tax Credit Known as the “Angel Investor Tax Credit” for individuals or corporations making investments in businesses in technology fields.

Seed-Stage Equity Investment: Center for Innovative Technology “Gap” Fund

“Gap” Fund that makes seed-stage equity investments in Virginia-based technology and life science firms.

Virginia Life Science Investments LLC Assists Israeli life science companies with preparing U.S. market entry.

Center for Innovative Technology CIT creates new technology companies through capital formation, market development and revenue generation services.

Research and Development Expenses Tax Credit Provides a tax credit for qualifying research and development expenses.

Virginia Economic Development Incentive Grant Assists and encourages companies to invest and to provide new employment opportunities.

Virginia Investment Partnership Grant Fund Discretionary performance incentives designed for Virginia manufacturers or research and development services supporting manufacturing.

n The 34-acre site is located in down-town Richmond adjacent to the VCU Medical Center.

n Home to more than 60 life science companies, research institutes, and state and federal laboratories, employing over 2,400 scientists, engineers and research-ers.

n Consists of nine buildings, totaling over 1.3 million square feet of research and office space and growing. Two satellite biotech parks are scheduled for surrounding counties.

n Tenants include Altria Center for Research & Technology, United Network for Organ Sharing (UNOS), True Health Diagnostics, Virginia Department of Forensic Science, Virginia Division for Consolidated Laboratory Services.

n Houses an incubator facility, the Virginia Biotechnology Center, which has supported more than 70 bioscience companies in opening, including three publicly traded graduates.

n Virginia Biotechnology Association, the statewide non-profit trade associa-tion, is headquartered at the Park.

VIRGINIA BIOTECHNOLOGY RESEARCH PARK & OTHER KEY ASSETS

9/16

901 East Byrd Street | Suite 801 | Richmond, VA 23219 USA | 804 643 3227 | grpva.com

The Greater Richmond Partnership, Inc., is the regional economic development group representing the City of Richmond and the Counties of Chesterfield, Hanover and Henrico. We offer site location assistance and other services to domestic and foreign companies planning new or expanded facilities.

Miami

Boston

Richmond

WHY GREATER RICHMOND FOR YOUR BUSINESS? Richmond is the capital of Virginia, the center of commerce, government and academic endeavors:n Home to 8 Fortune 500 headquartersn Population of nearly 1.3 millionn 6% corporate income tax rates hasn’t changed since 1972n Located at the mid-point of the East Coast, less than 100 miles from Washington, D.C., with more than 50 percent of the nation’s consumers within a 750-mile radiusn Excellent transportation network with rail, air, and port servicen Nearly 30 colleges and universities with almost 80,000 students and more than 15,000 degrees conferred annuallyn Virginia is a right-to-work state with moderate wages, low levels of unionization, and Unemployment and Workers’ Com-pensation costs among the lowest in the U.S.

Top 10 Best States for Business

- Forbes, 2015

Top 10 Mid-Sized

American Cities of the Future

- fDi Magazine, 2015

Best Big City

Job Markets- ZipRecruiter,

2015

This Health & Life Sciences cluster brochure is part of a library of information. Other cluster and specialty brochures include:

Supply Chain Management

Health & Life Sciences

Corporate Headquarters

Data Centers

Advanced Manufacturing

Finance & Insurance

Professional & Creative Services

Food & Beverage

BUSINESS CLUSTERS