WASHINGTON--(BUSINESS WIRE)--Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood released the following statement on the new initiatives announced by President Obama earlier today: “BIO is extremely pleased that the Administration recognizes the potential of America’s biotechnology industry to provide jobs and grow the nation’s economy, as well as ‘address national challenges in health, food, energy, and the environment.’ As the President has noted, biotechnology offers our nation the most promise to cure disease, feed the hungry, clean our environment and provide renewable sources of energy.