1.18.17 - Cuomo wants to spend big on life sciences, a growing industry in Albany
"Gov. Andrew Cuomo wants to spend $150 million on a "life sciences laboratory public health initiative," part of a broader push at supporting an industry that attracts $2 billion in federal research grants to New York — third-highest of any state — but translates into relatively little venture capital funding and commercialization."
"There were no details in Cuomo's proposed 2017-18 budget briefing about where the laboratory would be built. The president of the Center for Economic Growth in Albany is advocating the money be spent in the Capital Region."
"We have a strategic plan, which is tied into health sciences and life sciences and these longstanding biotech partnerships," Andrew Kennedy said.