Tech Valley News

New York a Top State for Biotech Growth

In Business Facilities magazine's ranking, New York fared well when it came to number of biotech incubators (six, ranking it second); second overall in life sciences R&D expenditures with $1,887,079; and second in number of biological scientists in the workforce with 33,347. New York also got points for offering bioscience facilities financing. The state ranks third in number of biotech research parks, and is home to 749 bioscience facilities, ranking it fifth. Among New York’s greatest strengths is its Centers of Excellence program, financed by the Empire State Development Corp.