Directs the joint legislative audit and review committee to evaluate the competitive business climate for encouraging a sustainable and mature biotechnology and medical device manufacturing sector. The committee shall review the top ten centers in the nation as listed in this act and identify the best practices in economic development and public policy to identify the measures Washington should take to encourage the formation and maturation, from start-up to commercial business activity, of biotechnology and medical device manufacturing businesses in Washington.

Requires the report to be delivered to the appropriate committees of the legislature by December 15, 2006.