With $72 Million In State Aid, Cuomo Envisions Massive LI Biotech Hub

May 21, 2018

Three Long Island medical institutions will receive $72 million in state aid to create new biotech facilities and programs.

Cold Spring Harbor Lab will receive $30 million to launch a neuroscience research complex, while another $30 million will go to Northwell Health to establish the Center for Bioelectronic Medicine.

New York Governor Andrew Cuomo says the funding will create good paying jobs.

“We’ve learned from Silicon Valley you have to do the academics, you have to do the research and development, but then you have to commercialize it with the private sector. The future economy, I believe, is going to be in that life science cluster.”

In addition, LIU-Brookville will get $12 million to start the metropolitan area’s first veterinary school.

Cuomo says the three institutions, along with Brookhaven National Lab and Stony Brook University, will create a research corridor similar to North Carolina’s Research Triangle.