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NYC, NY State Promote Cluster-Building with $1B+ in Incentives, New Startup Spaces

07:15 EDT 17 May 2018 | Genetic Engineering News

With more than $1 billion set aside for incentives, new early-stage spaces opening, and a shared commitment to industry-building despite political differences, New York City and New York State are finally poised to emerge as top-tier biopharma meccas after years of lagging behind Boston/Cambridge, MA, and the San Francisco Bay Area, key stakeholders in and outside government agree. Today at 4 p.m. ET is the deadline set by the New York City Economic Development Corp. (NYCEDC) for receiving responses to its “Request for Expressions of Interest” (registration required ) for a $100 million “Applied Life Sciences Hub.” The Hub would be the centerpiece of New York City Mayor Bill de Blasio (D)’s LifeSci NYC , a 10-year, $500 million effort to make the Big Apple big in biopharma, with 16,000 new life sciences jobs and up to 3 million square feet of new space for life-sci companies ...

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