New York City Mayor Eric Adams and New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball today awarded $26.6 million to further spur the growth of New York City’s life sciences industry and create family-sustaining jobs for New Yorkers. Through NYCEDC’s $1 billion LifeSci NYC initiative, the city is awarding $15 million to the City College of New York (CCNY) and $11.6 million to the Mount Sinai Health System. Both awards will support the construction of new facilities that will allow the creation of new life sciences startups in the city and promote the next generation of talent and world-class innovation — creating jobs, connecting research to industry, and advancing health care and technology.
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