From Business Insider:
“Maria Gotsch, president and CEO of Partnership Fund for New York City, who’s been working to promote the biotech scene in New York for the past 15 years, sees other challenges for the city apart from real estate, including a lack of a biotech ecosystem like you might see in Cambridge’s Kendall Square and dearth of seed funding for early-stage companies.
The shortage of space for biotechs in New York, Gotsch said, is a relatively recent occurrence. Until recently, weren’t even enough biotech companies who chose to remain in the city with most founders choosing to relocate to the West Coast. “They weren’t even starting here,” she said.”