Posted on November 30, 2018 Author Comments Off on NY Biotech Leaders Pursue Empire State of Mind with One-Stop Shop Proposal
Alex Philippidis Senior News Editor Genetic Engineering & Biotechnology News
Think tank is also promoting tax credit extensions, tailored incentives, and easier tech transfer as cures for state’s life science blues.
For years New York state has had the makings of a strong biotechnology cluster. It graduates the nation’s fourth-highest number of bioscience majors (9,630 in the 2008 academic year). Its academic institutions spend some $2.7 billion on bio R&D, more than any state except California.
New York is also second only to California in its number of clinical trials (3,267 last year). In terms of life science employment, a report issued April 12 by the research arm of the Business Council of New York State put the Empire State in fourth place with 10,320 jobs across seven categories that included scientists but not administrative and support staff. The report analyzed seven reportedly peer biomanufacturing states. California came in at number one by a large margin with 41,200, followed by Pennsylvania (15,920) and Massachusetts (15,300).READ MORE at Genengnews.com