KBP bringing Plant-based Therapeutics Symposium to Owensboro: Conference to feature leading experts in Plant Made Pharmaceuticals

Kentucky BioProcessing (KBP), the Owensboro Cancer Research Program (OCRP) and Sullivan University College of Pharmacy will host a Plant-Based Therapeutics Symposium July 15-16 in Louisville and Owensboro.

Presentations will address the latest innovations in plant-based pharmaceutical (PMP) research, development and commercialization and will feature some of the world’s leading experts in the emerging bio-pharmaceutical production platform. Those scheduled to present include:

• Dr. Jeanne Novak, President and CEO of Boulder, Colorado-based CBR International. Novak has led interaction with the U.S. Food and Drug Administration and other international regulatory bodies for a number of PMP product candidates. CBR provides high-level strategic, clinical development and regulatory consulting for the pharmaceutical industry.
• Dr. Charles Arntzen, Director of the Center for Infectious Disease and Vaccinology, the Biodesign Institute and Florence Ely Nelson Presidential Chair of Arizona State University.
• Dr. Yuri Gleba, Managing Director for Icon Genetics, a Bayer GmbH subsidiary focused on developing new biopharmaceuticals and high-value protein products using green plants as production hosts.

The Wednesday, July 15 sessions will take place in Louisville at Sullivan University College of Pharmacy, located at Bardstown Road and the Watterson Expressway. The first day’s sessions will focus on product development and recent advances in PMP research. On Thursday, conference attendees will travel by bus to Owensboro and KBP where the program will be directed to commercialization and business opportunities.

To register for the conference, contact Allison Koch at 502-413-8955 or email akoch@sullivan.edu.

New tax credits available to qualifying companies

One of the major initiatives passed in the special session of the Kentucky General Assembly last week was a rewrite of the state's business incentives. The bill was sponsored by Owensboro Representative Tommy Thompson. A summary of the major changes introduced by the bill is below. Manufacturers: Assistance for existing manufacturers who need to make significant capital investments in Kentucky facilities in order to remain competitive, preventing loss of jobs to competitor states $2.5 million minimum new investment Existing manufacturers may recover up to 50% of the cost for new equipment and 100% of training costs through income tax credits Technology-based Firms: Provide a sales and use tax refund for companies that are heavy users of computer and telecommunications equipment Must invest at least $100 million in computer or telecommunications equipment for installation and use in Kentucky Systems must be an integral part of the product or service that is the primary business of the new or expanding firm Expand the Kentucky Enterprise Initiative Act (KEIA) to allow companies to receive sales tax refunds for the purchase of electronic processing systems costing at least $50,000 Can be combined with sales tax credits for construction costs to provide a significant savings for projects investing $500,000 Small Businesses (50 or less employees): Small business must create one new job and retain that job for one year Must also invest at least $5,000 in qualifying equipment The maximum amount of credit for each small business for each year shall not exceed $25,000

Other incentives may be available depending on company circumstances or need. For more information or to schedule an appointment regarding these changes, please contact the Greater Owensboro Economic Development Corporation at 270-926-4339 or email Sharla Austin-Darnell, Existing Industry Manager at sdarnell@owensboro.com

Sazerac Expansion Underway

Plans are proceeding with the recently announced acquisition and expansion of one of Daviess County’s long time employers. Sazerac North America, which purchased Constellation Spirits in Owensboro and Buffalo Trace Distillery in Frankfort, is rapidly progressing with a project that will create 50 new jobs and invest millions of dollars in the local community. Additional opportunities are seen for the Frankfort facilities as well.

An aerial photo submitted by the company illustrates the 300,000 sq. ft. expansion that will allow for additional business and new technology on the current property in Owensboro. According to Plant Manager Donald Kelley, “An automated 12,000 pallet storage system is a key part of the $13mm expansion that is geared to more fully utilize current facilities and equipment with additional shifts of operation.”

Sazerac Company, Inc., founded in 1850 and headquartered in New Orleans, is one of the top 10 producers and marketers of spirits and wines in the United States. The Kentucky projects were approved for tax benefits under the Kentucky Industrial Development Act for up to $3.28 million by the Kentucky Economic Development Finance Authority (KEDFA).

New Leadership Program Announced with EDC and Chamber Partnership

Developing leaders and utilizing their talents for the betterment of the community and their employers is the goal of the Emerge Owensboro, which was announced today as a joint program of the Chamber of Commerce and Economic Development Corporation.

Emerge Owensboro is a nine-month curriculum that will expose participants to community issues as well as teach leadership skills. The class is open to any resident of the community and Chamber members are encouraged to apply.

"Owensboro and Daviess County are on the edge of many positive developments," says Chamber President Jody Wassmer, "and it's important for people to learn and grow with the community."

"Local business and industry tell us they need employees who have workplace leadership skills and that will be a big focus for Emerge Owensboro," explains Economic Development Corporation President Nick Brake.

A full-day program titled "Looking Out, Looking In, Looking Ahead" will start the program on September 10th. Most classes will consist of half-day sessions on the second Thursday of each month through May 2010. Participants are also expected to attend the monthly Chamber of Commerce Rooster Booster Breakfast. Class members will have a number of required activities, including a group project.

The tuition cost for Emerge Owensboro is $395. Class applications can be downloaded from the Chamber of Commerce website here and returned by July 17th. Class notification will be made by August 14th.

EDC Launches GO-iNtern Program to Attract and Retain Young Talent

In response to local industry concerns regarding the recruitment and retention of top, young talent; the Greater Owensboro Economic Development Corp. spent a considerable amount of time in 2008 exploring methods to combat the loss of this hot commodity. Regardless of the size or amenities of a city, the issue of ‘brain drain’ is a popular one. “What we consistently hear from local industries is that bringing a young, educated professional to Owensboro isn’t a problem. Getting them to stay sometimes is,” said Nick Brake, President/CEO of the Greater Owensboro Economic Development Corp. While the public investment in downtown, development of the Centre for Business and Research, and more high-tech job opportunities are steps in the right direction, cities such as Tulsa, OK; Dubuque, IA; and Duluth, MN have chosen to be proactive through unique internship programs as well.

The Owensboro edition of this idea, GO-iNTERN, launches tomorrow June 5, 2009 at the Commerce Center. GO-iNTERN combines a website, community involvement and learning experience in a unique format designed not only to find local opportunities for students to work, but to connect to the community through monthly networking events as well. “Our hope is that students will come to the website, apply for an internship, and participate in the monthly events. In the end, not only will they have had a great experience with a local company, but also in the city itself, and Owensboro ranks a little higher on their list of places to live upon graduation,” said Brake.

Upcoming events will include a luncheon with Mayor Ron Payne and Judge Reid Haire, a tour of downtown, and a networking event with the Chamber Young Professionals. A finale is currently being planned for the summer cohort, but GO-iNTERN will be an ongoing program with new opportunities each semester. Businesses looking to hire interns for the fall or spring semesters are encouraged to contact GO-EDC now in order to ensure their opportunity is listed on the website. GOEDC will market the internships to local and regional universities at career fairs this fall.

To view internships, post an opportunity or find more information, visit http://intern.owensboro.com.

EDC Officials, KBP, Governor Beshear Promote Owensboro at Biotech Conference

ATLANTA-- Three years after advancing a strategy to lure high tech life science companies, significant infrastructure is in place for Owensboro to be the epicenter for plant pharmaceutical technology. The infrastructure has already attracted two small biotech companies and a significant partnership with big-pharma when Bayer AG signed an agreement with Kentucky BioProcessing last year.  

This week local officials will take their efforts to the international stage at the Biotechnology Industry Organization (BIO) Convention in Atlanta.  The BIO international convention is the largest gathering of biotech leaders, public officials, and companies in the world.  With over 25,000 attendees from over 70 countries, 1,900 exhibitors will participate.  Over 300 public officials, including Kentucky Governor Steve Beshear, will attend.  

In 2006 the Greater Owensboro Economic Development Corporation (GO-EDC) released A Strategic Plan for the Development of the Life Sciences in Greater Owensboro.  The report offered recommendations focusing on high technology developments in the life sciences as a new economic development approach. 

The competitive advantage driving the development of the emerging plant made pharmaceutical industry in Owensboro is Kentucky BioProcessing.  KBP is the world’s only full scale facility designed and built for the commercial production of plant made pharmaceuticals.  The company uses tobacco as a bioreactor to produce disease curing proteins.  Farmers are also getting involved in producing crops for use in biotechnology products through the Owensboro Biotech Alliance.   OBA has a database of regional farmers that enjoy a national reputation for compliance with USDA regulations and a willingness to grow crops for use by plant biotech companies.

 “Make no mistake; we are not trying to become a biotech cluster to compete with the likes of San Diego or Boston,” said EDC President/CEO Nick Brake.  “But we can succeed in creating a cluster of companies focusing on the utilization of our strengths, plant pharmaceuticals and plant-based natural products.  In this area between KBP, the Owensboro Cancer Research Program and the partnership with the University of Louisville, and our regional agriculture community, we have a competitive advantage not found anywhere else.”

The latest investment in the high tech infrastructure in Owensboro to support KBP and the growth of plant biotech companies is a new business and research accelerator.  The City of Owensboro with support from the Daviess County Fiscal Court are converting an 85-year-old former tobacco warehouse near downtown Owensboro into high-tech lab space for the use of tobacco to search for cures for cancer and other diseases.  The Centre for Business and Research, set to open by fall 2009, The Centre will be equipped with life science labs suitable for education of undergraduate and graduate students, externally funded university research, and incubation of many of the small biotech companies working with KBP. 

EDC ISSUES REQUEST FOR PROPSAL FOR CONVENTION CENTER HOTEL

Today the Greater Owensboro Economic Development Corporation (GO-EDC) issued a Request for Proposal (RFP) seeking a qualified developer for a new downtown hotel as part of the $120 million package of catalyst projects in the Downtown Owensboro Placemaking Initiative. 

This RFP is a solicitation process, which is expected to culminate in a negotiated agreement between the City of Owensboro and a qualified private developer to develop and construct the convention center hotel and related infrastructure. 

GO-EDC will select a developer for the Hotel project subject to the approval of the Owensboro City Commission. An RFP Review Team consisting of EDC staff, Gateway Planning consultants, and City and County staff representatives will review and recommend the potential developer.

Several state incentives may be available to the developer of this project, including, but not limited to, incentives from the Kentucky Tourism Cabinet.  In addition, the site of the proposed hotel is located in an area that qualifies for New Markets Tax Credits financing. 

EDC President/ CEO Nick Brake said respondents to the RFP will be expected to utilize hotel operators that will provide a “full service” hotel recognized by the convention and meetings markets. 

Brake said respondents are encouraged to bring to the project a team of architects and construction professionals with proven track records that meet the goals of the development, adding that the Hotel should operate as a corporate managed, national or international chain-affiliated property positioned to primarily accommodate convention and group-meeting demand. “The quality and level should be consistent with the quality of similar headquarters hotels in other North American cities,” he said.

In order to encourage broad participation by the development community and in recognition of the strong interest in Owensboro’s hotel market, developer responses to this RFP are due, August 1, 2009.  GO-EDC expects to conclude selection of a development team for recommendation and finalization by December 31, 2009.  “The RFP will be advertised both regionally and nationally in hopes of attracting strong interest among the local, regional, and national development community,” said Brake.

The Downtown Owensboro Initiative generated a market-based Downtown Master Plan (prepared by Gateway Planning Group at www.gatewayplanning.com) and a comprehensive package of catalyst projects intended to jump-start downtown revitalization. For a complete copy of the Downtown Owensboro Master Plan, see “Master Plan” under the “Town Planning and Urban Design” section of www.gatewayplanning.com. 

Please visit edc.owensboro.com and click on “Downtown Development” to view the RFP executive summary or click here to obtain a downloadable and printable full RFP document.