The Twin Cities has slipped slightly but still fares relatively well when compared to other markets nationally on a list of the top urban areas for life sciences industries, the Star Tribune reports.
The metro fell from No. 8 to No. 9 on a recent list compiled by the real estate services company Jones Lang LaSalle.
The report puts a number of industries under the "life sciences" umbrella, including medical device giants like Medtronic Inc. and St. Jude Medical Inc., but it also includes pharmaceutical and biotech companies that do not have a solid foothold in the Twin Cities, the Star Tribune reports.
Among the trends identified in the report: emerging U.S. life sciences concentrations are boosting their economic development and public-private partnership projects to attract life sciences organizations. And proximity to innovation is more important than ever, the reports says.