Posted by Staff Writer on 1/26/2018 to
Tech Business
IncSmart New York (Small Business and Startups) - New York City is making plans to become a Biotech hub to boost its place as a tech center. The city had been losing biotech business to other cities such as Boston and San Francisco. New York City antes up $100 million of governments funds. City hall is asking for proposals for the new funds, and is also accepting proposals for the hub and is open to joint ventures from public and private organizations. The proposals are due by May.
The hub's goal is to be a place to start biotechnology companies. There are several locations under consideration. One is land the city owns land in East Harlem. The site is on the corner of Second Ave and 127th street. The Economic Development Corporation is also seeking money from public and private enterprises for the new home of the life science facility.
By IncSmart Staff Writer
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