New York Biotechnology Association Release: Bioscience Corporation Garners $50 Million in New York Regional Economic Development Competition

NEW YORK--(BUSINESS WIRE)--New York State will invest some $50 million in the biosciences through the Regional Economic Development Council Initiative with projects in nearly every region, according to an analysis by the New York Biotechnology Association (NYBA). The awards were announced on Thursday in Albany. The funds will include support for projects as diverse as a bioscience incubator in Westchester County to a biomass electric plant in the Mohawk Valley. Together, the projects total over $49.7 million in new investment.