Bio-fuel and technology experts from across the country met at the Lansing Center for the first "Michigan Bio-Economy Summit." The big topic: just how much bio-tech will be growing in Michigan and across the country. This as oil drops in price, decreasing demand for bio-fuels.
However industry experts aren't worried. They say there could be a temporary impact, but in the long run the demand is only going to increase.
U.S.D.A. Under Secretary for Rural Development Thomas Dorr flew in for the summit. He says the Bio-Economy will continue to grow and help rural economies, "Oil supplies are dwindling and while that doesn't mean we're going to run out of oil it does mean there is room for other technologies."
So expect the bio-tech sector to continue to grow in Michigan, and across the nation.