New York Joins the Battle for Biotechnology Jobs
The business outlook in New York is a bit dim as the financial markets continue to work themselves out. The New York Times published an article describing the effort to drive biotech jobs as part of a larger plan to attract non-financial services business. The article describes the plan to repurpose the Brooklyn Army Terminal, a military supply depot used during World War I, as a center for biotechnology research companies. The first biotechnology tenant is scheduled to open their lab this week. The biotech complex has been renamed the East river Science Park and will include more than 1 million square feet of biotechnology office and laboratory space. New York is getting aggressive in the fight for biotechnology jobs. The problem is, they are a bit late to the game and those biotech job hubs such as the Biotech Bay and Biotech Beach won’t give up biotechnology companies without fight.
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