Charity Navigator, the country’s largest charity evaluator, has again awarded the Oklahoma Medical Research Foundation its highest rating. OMRF received a four-star rating, scoring 93.21 out of a possible 100, for demonstrating good financial health and a strong commitment to accountability and transparency.
In many places, the emergence of this sector of the economy happened spontaneously. Take, for example, Silicon Valley. Or the growth of biotechnology businesses in the greater Boston area. Our state’s leaders understood that this sector was too important to Oklahoma’s long-term economic health (and the health of our population) to ignore. So they took some farsighted steps to try to catalyze the development of science and technology in Oklahoma.
In October, the Brookings Institute announced Oklahoma City as one of two pilot cities that are part of a study into developing an Innovation District. It already has held informational meetings and tours to gather ideas on just what that might look like.
It’s a rare moment that the leaders and scientists of Oklahoma’s bioscience industry can come together to share the collaborative spirit that is such a part of who they are and what they are creating. The annual OKBIO Summit and BioScience Awards dinner is one of those moments.
Two decades after Oklahoma City embraced a groundbreaking initiative that remade the city through a series of pay-as-you-go projects, another initiative is emerging with implications for economic development. In October, the Brookings Institution announced that Oklahoma City is one of two pilot cities included in a study about developing an innovation district in an area of the city heavily focused on biotechnology research.
For the sake of Oklahoma’s energy sector, let’s hope the New Year brings a bump in oil and gas prices. But even if that doesn’t happen, there are still plenty of economic silver linings to be found in the state.