Credit: Anthony Behar/Sipa USA
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Mayor Bill de Blasio announced a plan to double New York City’s investment in life sciences to $1 billion on Wednesday as part of LifeSci NYC, which establishes New York City as a leader in life sciences and adding 40,000 new jobs.
“New York City can do more than just fight back COVID-19. We can invest in fast-growing sectors like the life sciences to stop the next pandemic before it starts – and become the public health capital of the world,” de Blasio said in a press release. “This expansion will accelerate the growth of local researchers and businesses inventing the cures for whatever comes next. It’s the key to our economic and public health recovery, and it will produce more effective and more equitable health outcomes for New Yorkers across the five boroughs.”
“We are committing today to make New York City the public health capital of the world. Today’s investment will foster life sciences research, innovation and manufacturing, making the City the place where diagnostics, therapeutics and improvements in health care delivery are invented, tested and made available to the world, all while providing good-paying jobs to our incredibly talented, well-educated, and driven workforce,” said Deputy Mayor for Housing and Economic Development Vicki Been. “By doubling our original investment, we ensure both that health care will be fairer for all New Yorkers, and that New York City will be the incubator for public health innovation—full stop.”
The NYC Economic Development Corporation established Lifesci NYC in 2016 to help NYC create a foundation in the field of life sciences, attracting more than $1 billion in investments in 2020. This has created thousands of jobs, provided 400 students with paid internships at top life sciences companies, helped 150 start-up companies every two to three years, and opened up more space for life science innovation.
NYC’s network of life sciences companies helped with testing and treatment for COVID-19 including the development of local supplies for PPE and test kits, the launch of the Pandemic Response Lab—an award for the local development of a rapid test at Columbia University—and the ongoing development of a Pandemic Response Institute.
The full press conference can be watched below.
We’re investing $1 billion to make New York City the public health capital of the world. Join us at City Hall. https://t.co/uDHp0t53p8
— Mayor Eric Adams (@NYCMayor) June 9, 2021
