Rhode Island Economic Policy Council1

Rhode Island Biopharmaceutical Manufacturing Training Institute:

A PRESCRIPTION FOR ECONOMIC GROWTH

Southern New England Economic Summit

May 10, 2002

Rhode Island Economic Policy Council

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Biopharmaceutical Manufacturing in Rhode Island

The Industry has established a presence in RI: Dow Biopharmaceutical Contract

Manufacturing Services Immunex (Amgen)

There is a specific and a significant workforce need

Rhode Island Economic Policy Council

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The Institute - Meeting industry needs

The Industry is experiencing unprecedented growth Several hundred manufacturing jobs will be created in

RI in the next few years Training of the manufacturing workforce is difficult in a

manufacturing environment

The Institute will provide hands-on training in an actual production environment (“flight simulator” model)

Rhode Island Economic Policy Council

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Training Institute Program Timeline

July 2001 HRIC planning grant: $25,000

Fall 2001 Industry survey completed

Fall 2001 Educational survey completed

March 2002 HRIC grant: $300K (3 years)

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Institute Structure

501 (c)(3) organization supported by corporate training dollars; federal training subsidies; in-kind faculty time, equipment, etc.

Entrepreneurial, credentialed executive director from biopharmaceutical industry

Dynamic board of directors drawn primarily from the industry

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Biopharmaceutical Manufacturing Training Institute – Next Steps

Funding commitment secured from the HRIC Closing on commitments from private industry The Institute is being established as a 501(c)3

not-for-profit organization Assembling the board of directors National search being conducted for full-time,

executive director

Rhode Island Economic Policy Council

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Executive Director Phase 1 (3-5 years)

Build industry-focused educational curriculum

Promotion of program within industry

Identify funding opportunities

Establish dedicated facility for training

Rhode Island Economic Policy Council

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Implementation Timeline

Phase 1 - Raise $10M for construction and equipment of permanent facility and equipment of an interim training facility. Offer training for Dow and Immunex employees at interim facility

Phase 2 – Training provided at permanent facility for Immunex, Dow and other regional biopharmaceutical manufacturers

Rhode Island Economic Policy Council

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BMTI: A Magnet for Future Growth

Technology industries co-locate with abundant, highly skilled and affordable workforces

Will address immediate needs of local industry

Will become a center for biopharmaceutical manufacturing training

Will provide a catalyst for future industry growth in Rhode Island and New England