Poll: Will expanding LI's biotech industry help the local economy?
Supplements being manufactured at Credit: Ken SpencerNBTY facilities in Bohemia. (Aug. 13, 2007)
Long Island biopharmaceutical companies are planning multimillion-dollar expansions that could create more than 500 jobs and pave the way for what experts hope will be a cluster that will attract more firms, jobs and talent to the region.
Six companies that plan to invest $147 million in Long Island and $25 million in New York City will receive state grants and tax credits totaling $13.7 million if they meet investment, and job retention and creation goals, the Cuomo administration announced Tuesday.
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Long Island biopharmaceutical companies are planning multimillion-dollar expansions that could create more than 500 jobs and pave the way for what experts hope will be a cluster that will attract more firms, jobs and talent to the region.
Six companies that plan to invest $147 million in Long Island and $25 million in New York City will receive state grants and tax credits totaling $13.7 million if they meet investment, and job retention and creation goals, the Cuomo administration announced Tuesday.
Do you think the expansion of the biotech industry on Long Island will help boost the local economy?
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