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New York City in­vests $20M in­to biotech 'in­no­va­tion space' at the Brook­lyn Navy Yard

New York City is in­vest­ing $20 mil­lion in biotech this year in the form of a 50,000-square-foot “in­no­va­tion space” at the Brook­lyn Navy Yard, com­plete with of­fices, re­search lab­o­ra­to­ries and events and pro­gram­ming space to grow biotech star­tups and com­pa­nies.

May­or Er­ic Adams said dur­ing his State of The City Ad­dress last Thurs­day that there will be an “em­pha­sis” on mak­ing more op­por­tu­ni­ties for women and peo­ple of col­or to fur­ther di­ver­si­fy the in­dus­try. The City first re­port­ed the news.

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