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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