Key Industries > Research & Testing


Researching & Testing with a Focus on Medical Equipment

NEPA’s regional strengths in healthcare and bioinformatics align with the needs of companies focused on research and testing.  The area is rich with opportunity and talent to provide corporations with the workforce to grow and expand their business.  With 24 colleges and universities within a one-hour drive, the talent is ready and able to work.

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NEPA REGIONAL STRENGTHS

  • Research Opportunities in Geriatrics: NEPA has an aging population, which creates opportunities for Research & Testing. Nearly a third (32.3%) of residents 65 years or older have lived in NEPA since 1969 or earlier. An aging population sees increased disease prevalence, which can be beneficial to companies needing a readily available pool of patients to test new equipment and pharmaceuticals in clinical settings.
  • University-based Research Programs are Growing: Research & Testing companies have strong need for employees trained in bioinformatics – a recognized strength at universities throughout NEPA. NEPA has the graduates and workforce to support research activities for corporations looking to locate in the area.  Within a 100-mile radius of the 8-county region, there are a total of 233 degree-granting higher education institutions; of which 191 report degrees/majors in biological, biomedical, health and science fields. There are currently over 147,000 residents living in NEPA with a Bachelor’s degree or higher; of which, approximately 14,000 have a degree in Biological/Agricultural/Environmental or Physical/Related Sciences.
  • Over $2 million in Federal Research Dollars Flowing into NEPA: NEPA has attracted over $2 million in NIH funds over the past five years. Institutions who call the region home such as The Commonwealth Medical College, Wilkes University, University of Scranton, and Sanofi Pasteur are recipients of these highly competitive research federal research grants.

INVESTMENT OPPORTUNITIES

  • Geriatric-related equipment, research design, production, and consultation are in high demand due to the region’s demographics. Marketing logistics and delivery to large markets of geriatric-related equipment represents an opportunity for immediate return on investment.
  • Existing bioinformatics companies already have access to skilled workforce through multiple university partnerships. This, coupled with our region’s low cost of living, urban amenities, and close proximity to major metropolitan markets makes for an investment opportunity that works at every level.

ASSISTANCE ON WORKFORCE AND TRAINING

  • TecBridge has compiled an asset inventory of regional intellectual assets that includes more than 1,000 faculty members and 700 pieces of scientific equipment available for use by the private companies. Please click here to visit the IAI website: https://apps.getpario.com/iai-portal/#about
  • A full continuum of technical assistance and funding is available to train and develop the workforce needed for current and future employers.

UNIVERSITY AND COLLEGE SUPPORT FOR RESEARCH & TESTING

  • NEPA has made investments in new research labs and clinical skills space dedicated to bioscience studies and creating opportunities for companies to lease labs and incubator space.
  • The focus on creating dedicated research space is a priority of several universities in the region who are working in partnership to create research space as well as growing the regional workforce — the two prime factors that corporations are looking for when making investments.
  • Universities and colleges throughout NEPA are turning their focus on the development and creation of medical testing devices and equipment. This growing talent pool will be an asset to companies seeking to expand or locate their life sciences operations in NEPA.
  • The Commonwealth Medical College (TCMC) and regional universities are currently working in close cooperation with regional companies, economic development officials, and healthcare institutions to expand the bioscience economy.
  • TCMC focuses their biomedical research and training programs on regional health issues prevalent in NEPA. TCMC and regional universities has space for private start-up companies readily available. Faculty members at TCMC have attracted more than $13 million in research dollars to date.

SUPPLY CHAIN

More than 1/3 of the nation's population can be reached within an overnight delivery. New York City and Philadelphia are a two-hour drive from NEPA.

 

RBI Facts

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FACT #1:

More than $2 Million in NIH funding has been attracted to NEPA within the last five years.

FACT #2:

Companies including Sanofi Pasteur are currently doing business in NEPA at a cost of 26.5% less than if operating in New York and 21.1% less than in Philadelphia.

FACT #3:

FedEx and UPS are operating refrigerated distribution facilities in NEPA due to our location, labor and operating costs.

FACT #4:

32.3% of NEPA’s population is over the age of 65, providing companies with an available pool of patients for equipment and pharmaceutical testing.

FACT #5:

Companies providing specialty healthcare services can capitalize on $1 Billion of annual patient care revenue currently leaving the NEPA region.

Testimonials

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The rapid growth and success of this region has provided BioSpectra will a skilled labor force and contributed to our own growth.

Dora Meissner
BioSpectra

The key reasons for our success in distribution in Northeastern Penn. are we are located within 5 hours of all major cities in the Mid-Atlantic and New England areas, low overhead, low taxes and an inspired workforce.

Ray Lick
Wilkes Barre Regional Manager, Henry Schein

It is undeniable that our northeastern region has a wealth of diverse bioscience resources.

Jerry Musheno
Vice President, Project /Program Administration, Maximus

This area’s great access, combined with a dedicated and highly productive workforce, has helped Benco Dental become the nation’s largest independent dental distributor.

Rick Cohen
Managing Director, Benco Dental

NEPA presents a unique opportunity for bioscience companies to capitalize on the region’s intellectual resources and geographic proximity to major metropolitan areas.

John P. Wiercinski
Regional VP for Geisinger Health System

Questions?

For more information,
contact:

Penn's Northeast

John L Augustine III

President/CEO

(570) 883-0504

- OR -

Amy Luyster

Assistant Vice President,
The Scranton Plan

(570) 342-7711