The Biotechnology Industry Organization (BIO) today thanked Sens. Debbie Stabenow (D-Mich.) and Thad Cochran (R-Miss.) and applauded the Senate for including mandatory funding for Energy Title programs and eligibility for renewable chemicals in Farm Bill reauthorization legislation passed this month.
“Reauthorizing Farm Bill energy programs and providing robust mandatory funding for the energy title will help U.S. industrial biotech companies innovate and develop new products. Putting homegrown technologies to work will create high-quality rural jobs, spur economic growth, and improve environmental health,” said BIO President and CEO Jim Greenwood.
“Leveling the playing field for renewable chemical projects is especially important to revive America's manufacturing sector and improve U.S. economic competitiveness,” Greenwood continued. “We thank Senators Stabenow and Cochran for their forward-looking action and will work with them to ensure this important legislation is enacted.”
BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world's largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIO produces BIOtechNOW, an online portal and monthly newsletter chronicling “innovations transforming our world.”