The Public Policy Institute (PPI), the research arm of The Business Council of New York State, today released an in-depth study on the challenges in attracting and retaining private-sector jobs and companies in New York’s lucrative bioscience sector. Based on interviews with 30 industry experts as well as existing research, Cultivating the Next Generation of Discoveries and Development in New York Bioscience explores the opportunities and barriers facing companies in various stages of development and offers three public policy recommendations to foster public-private partnerships and make New York more competitive with other states: Create a Governor’s Council to spearhead development and marketing of the state’s bioscience industry. Establish a Small Business Innovation Research matching grant program for bioscience companies as well as a dedicated Biosciences Commercialization Fund. Increase the amount of affordable incubator and lab space for startups and early-stage bioscience companies. Click here for the press release and the report

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