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Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, On Governor Cuomo’s State of the State Address

 

“Governor Cuomo’s $650 million commitment to build a commercial life sciences industry in New York will create more than 25,000 middle class jobs and strengthen our medical research institutions. A robust life sciences industry will add $3.0 to $4.2 billion to the state’s economic output. The announcement that Johnson &Johnson will establish New York City’s first entrepreneurial incubator for life science companies is a major breakthrough for our emergence as a global commercial hub for life sciences.”

For background information on the life sciences initiative featured in the State of the State, the Partnership published a report in June, titled “New York’s Next Big Industry: Commercial Life Sciences” – available here.