The defunding of the Life Sciences Discovery Fund (LSDF) combined with the failure to renew a long-standing research and development tax credit was a disappointment—and, some say privately, a shock—to the state’s biotech industry, particularly at a time when others in the Northwest, including Montana and Oregon, are committing state funds to life sciences research....
...Some $11 million in funding for the LSDF was siphoned to the state general fund as part of the $38.2 billion, two-year state operating budget signed late Tuesday by Inslee (pictured above at a WBBA event in 2014), narrowly averting a government shutdown. Lawmakers enacted historic tuition cuts at public universities and channeled hundreds of millions of dollars to teachers and schools in an attempt to fulfill the state constitution’s mandate to adequately fund education....And there was this concluding statement in the article:
...Inslee’s spokeswoman added, “While the Legislature did not produce a budget that includes LSDF or R&D incentives, Governor Inslee remains committed to our state’s goal of becoming the global leader in life science innovation and health delivery and will continue to work hard to realize this vision for our state.”Does anyone buy this stuff? What would it take for Washington (i.e. Seattle) to become a "global leader in life science innovation"? A 11.5 earthquake in the Bay Area that forces Stanford, UC-Berkeley and UCSF to relocate to Seattle? 20X the current rather substantial federal life sciences R&D funding that Washington gets?
(I should note here that Washington is not the only state to have these ambitions...)