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Cuomo comments on LI's economic development efforts

New York Gov. Andrew M. Cuomo after a

New York Gov. Andrew M. Cuomo after a cabinet meeting in the Red Room at the capitol in Albany. Cuomo is calling a summit to boost the beer and wine industries in New York just months after a similar effort began to try to make New York the nations largest producer of Greek-style yogurt. (Sept. 27, 2012) Credit: AP

Gov. Andrew M. Cuomo Friday said New York State must do more to commercialize the inventions of research institutions such as Cold Spring Harbor Laboratory, Stony Brook University and others.

At the Cold Spring lab, Cuomo praised local efforts to turn research into businesses. “The breadth of your plan has always been impressive,” he said, referring to the Long Island Regional Economic Development Council.

Cuomo said, “Where this state is badly behind” is in commercializing research. “It is key for our state's economy.”

Cuomo is touring the state's 10 regions to assess how state aid awarded last year is helping spur economic growth. He was in Syracuse on Wednesday.

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