Mayor Bill de Blasio announced that the city will invest another $500 million into the life sciences industry, doubling down on its initial investment back in 2016.
The combined billion-dollar bet is part of de Blasio’s plan to make New York City the public health capital of the world. The original investment helped create labs at academic institutions, funded paid internships, and created over 2 million square feet of new life science space. The additional investment will help to spur on that growth.
