What if I told you that the future of medicine is being written right here at the Life Sciences Center? New York City has positioned itself as a global leader in the life sciences sector. It began with the development of the Alexandria Center for Life Science in 2010.
LifeSci NYC is an ambitious initiative started in 2016. The City made a commitment of $1.1 billion to establish New York City as a global leader in life sciences. The Life Sciences Center and other hubs spark innovation. They foster culture and talent. They stimulate investment. They partner with stakeholders. They bring equity and opportunity to New Yorkers.
The goal is to attract corporations. These corporations will meet the increasing healthcare demands. An aging populace needs new medical breakthroughs. The Life Sciences Center is at the forefront of this effort.
Then coronavirus hit.
The pandemic highlighted healthcare innovation. The life sciences sector boomed. A critical need arose for biotech innovations. Pharmacological innovations also became essential. New York City rose to the challenge.
Talisen Construction spearheaded several life sciences builds. They added a 15000 square foot wet lab. It included office space for Hibercell. The location was at Hudson Research Center. Talisen also completed a build for the New York Stem Cell Foundation.
Taconic Partners is a NY landlord. They have a firm footprint in the life sciences space. Taconic’s senior vice president Matthew Weir has been carving out a life sciences hub. It is on Manhattan’s West Side. He started this in 2016.
These life sciences clusters are located throughout New York City. They present an amazing opportunity. New approaches to medicine can be researched. Healthier communities can be promoted. A stronger economy can be built. NYCEDC projects the current life sciences boom. It could expand to over 3 million sq. ft. of new life sciences spaces. This expansion could happen within the next ten years. Thousands of jobs and dozens of cures could result.
New York City is home to the world’s second-largest tech ecosystem. It boasts over 25000 startups. It has a workforce of 355000. This sector has grown by 176 percent since 2012. It creates next-generation scalable solutions. These solutions have applications in AI ML blockchain robotics quantum computing and cybersecurity. They intersect and support the life sciences green economy and creative industries.
NYC is poised to lead in research discovery and commercialization. This will happen in sectors where life science and technology combine.
NYC has the largest most diverse and most skilled talent pool. It includes the world’s largest concentration of Nobel laureates. It includes 7000 graduate students and postdocs. It includes 500000 healthcare workers.
The city is investing in new wet lab space. It is making available existing spaces for early-stage companies.
The Alexandria Center for Life Science is New York City’s first commercial life sciences campus. SPARC Kips Bay is a first-of-its-kind innovation jobs and education center. BioLABS NYULangone has 50K square feet of newly renovated lab and office space. Innolabs is a 260K-square-foot life sciences building. CURE is a life sciences campus. It provides office space wet labs and programming. It supports startups.
The goal for 2030 envisions a thriving ecosystem. It will include 1000 R and D companies. It will create 40000 jobs. It will expand the life science real estate footprint to 10 million square feet. It is projected to generate an economic impact of $82 billion. The Life Sciences Center is a key part of this future.