New York gambles $1.15B in new funds and incentives in search of a biotech jackpot
Of all the biotech hub wannabes in the world, and they are legion, New York has perhaps one of the best claims on top-rank status. Manhattan is home to some of the world’s greatest research institutions, including some involved directly in the immuno-oncology revolution now underway. And it has a small but growing hub in Midtown to help house a boom.
Today, it also can add a $650 million initiative from the governor to help spark a boom. And then New York Mayor Bill deBlasio followed up with a $500 million effort aimed at creating 9,000 biotech jobs over the next 10 years.
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