Bioscience Resources Brochure - NYCEDC
East River Science Park Access to Funding Venture Capital Financing New York City is the financial capital of the world, making it an ideal place to raise money to start, grow or take a company public. NYC is home to over 125 venture capital firms that invest in healthcare companies and the metro area ranks high for the amount of venture capital invested in biotechnology firms. The City’s financial institutions have unrivaled expertise and the experience to help companies at any stage of financial need. Access to Real Estate Premium Real Estate New York City is home to multiple commercial research parks and 1.7 million SF of biomedical research space. A full 60 percent of the nation’s pharmaceutical industry is located in the metro area with five major pharmaceutical companies calling New York City home. New York City offers diverse and competitive real estate rates to companies of all sizes. New York City is developing a network of state-of-the-art facilities to accommodate commercial bioscience initiatives and related research activities throughout the region. In addition to well-established office and R&D space, bioscience real estate developments include: ■ ■ ■ ■ East River Science Park — the City’s premier science site with a projected 1.1 million SF of commercial science and lab space Audubon Business & Technology Center — Columbia University’s commercial science building with over 100,000 SF in lab space SUNY Downstate Incubator — over 20,000 SF of bioscience incubator lab space Brooklyn Army Terminal — anchored by academic research and commercial bioscience operations
A Higher Quality of Life New York City offers an exceptional quality of life, with diverse and affordable housing available throughout the five boroughs of the City, ranging from private homes to high rise apartments. The City has the world’s most extensive mass transportation system in the world, operating 24 hours a day, seven days a week and offering workers with an environmentally friendly means of transportation. Named the safest large city in America, the City’s many cultural and entertainment venues, along with more than 1,700 parks, playgrounds and recreational facilities provide a wide array of activities for residents. We Can Help The New York City Economic Development Corporation (NYCEDC) is connecting bioscience businesses with the resources to thrive. Our industry specialists have in-depth knowledge of the business climate and can assist in building key business relationships within the bioscience and finance industries. NYCEDC also offers many financial incentives to help your business relocate or grow in New York City, including real estate assistance and tax abatement programs. NEW YORK CITY. MAKE IT HERE.