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Pharmaceuticals
New York City boosts support for life sciences to $1 billion
by Rick Mullin
June 20, 2021
| A version of this story appeared in
Volume 99, Issue 23
New York City plans to double to $1 billion an investment in life sciences announced earlier this year as part of the LifeSci NYC program. Investment under the expanded program will include about $200 million to support construction of commercial lab space and life sciences incubator facilities, $300 million to support nonprofit ventures that foster research, and $5 million to boost the Life Sciences Expansion Funds for early-stage companies. The investment expansion is expected to generate 40,000 jobs.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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