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Cities Bet on Biotech

States are spending a lot of money to woo biotech companies to their cities, despite the long odds, says the New York Times. The North Carolina Research Campus, also called the Biopolis, cost $500 million; Florida, particularly Palm Beach County, has spent $510 million to entice research institutes to head there (and Scripps and Torrey Pines did); and New York City is putting $45 million into science infrastructure.

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