Quincy Earns Plantinum BioReady™ Rating

August 31, 2010

Joins 62 other BioReady™ Communities in Massachusetts

 

The City of Quincy was awarded a BioReady™ rating of Platinum by MassBio and MassEcon today.

In addition to "by-right zoning" allowing for biotech uses, the city has identified a number of sites for biotech opportunities, including a Boston Scientific property and 110 acres available for redevelopment at the Fore River Ship Yard. Located off of four Red Line MBTA stops, Quincy is well positioned as a destination for biotech companies.

"There is no question that the next wave of major economic activity in Massachusetts will be through biotechnology," said Mayor Thomas P. Koch. "We are ready for that wave, and we aim to be the leader in biotech for the entire South Shore region," Koch added.

"Quincy combines Red Line and I-93 access with city planning efforts that are specifically targeting life sciences opportunities," said Nick Verenis, Economic Planner for the Quincy Planning Department. "We aim to be the first option for biotech companies that want immediate proximity to Boston and Cambridge with a South Shore address."

MassBio, working with MassEcon and a host of regional economic development organizations around the state, inaugurated the statewide BioReady Communities Campaign in 2008 for the purpose of providing municipal officials background on the biotech industry and guidance on how to position municipalities as destinations for biotech laboratory and manufacturing facilities.

The system—which ranks communities that meet levels of criteria as bronze, silver, gold or platinum—will help Massachusetts cities and towns market themselves to biotechnology companies looking to expand or relocate.

As part of the Campaign, the MassBio Economic Development Advisory Group (EDAG) developed criteria to both guide communities in their pursuit of biotech facility opportunities and rate them for BioReadinessin order to provide each with a tangible marketing tool.

To date, 63 municipalities have achieved ratings. To view full ratings criteria, go to MassBio’s BioReady Communities Web page at http://www.massbio.org/economic_development/bioready_communities.

“This initiative is about helping maintain the Commonwealth’s competitiveness as the global leader in biotechnology by increasing the inventory of real and potential biotechnology properties in its cities and towns,” said MassBio President and CEO Robert Coughlin. “We’re thrilled to see so many cities and towns say they are ready for the opportunities that will unfold as the biotechnology industry grows in Massachusetts.”

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