HUNTINGTON, WV – West Virginia’s state government has invested $4 million in Technology-Based Economic Development (TBED) to date. TBED is a program that calls for postsecondary scientific and technology research institutions to boost the economy by developing innovative products, mainly in the biotech field.

In an effort for West Virginia to keep in step with other states’ biotech industries, the state’s TBED proposal, Vision 2015, calls for a state investment of $250 million by 2015. Governor Joe Manchin has publicly spoken in support of the Vision 2015, and proponents are currently touring the state to try to build enough legislative support to pass the proposal.

The proposal also calls for more federal funding for TBED, as well as the recruitment of new scientists and engineers to West Virginia.

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