Monthly Archives: February 2022

17
Feb
Date February 17, 2022
Author Broad Hollow Bioscience Park

Leveraging Estée Lauder’s Move to Fuel Long Island’s Biotech Sector

Long Island's biotechnology sector has faced numerous challenges, but recent developments offer a fresh opportunity. Estée Lauder's decision to become the new anchor tenant at Broad Hollow Bioscience Park brings renewed hope, with plans for research labs and 31 new jobs. However, the region’s biotech ambitions have historically faltered, with past setbacks including the departures of Helicon Therapeutics and OSI Pharmaceuticals. To turn this new chance into long-term success, Long Island must attract more life sciences firms, leverage local research resources, and foster strong regional collaboration. The next five years will be pivotal in determining whether this latest effort can finally build a thriving biotech industry.
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Author Broad Hollow Bioscience Park
09
Feb
BHBP
Date February 9, 2022
Author Broad Hollow Bioscience Park

Estée Lauder to Establish Research Lab at Farmingdale State, Boosting Jobs and Student Support

Estée Lauder is set to enhance Long Island's biotech landscape with a new research laboratory and office at Farmingdale State College’s Broad Hollow Bioscience Park. Opening in the spring, this facility will employ up to 80 people, including 31 new positions, and contribute $1.75 million to the college for scholarships. The lab will focus on skincare, makeup, and fragrance innovations, involving students in hands-on research and training. This development, supported by $1.2 million in tax credits from Empire State Development, aims to revitalize the Broad Hollow park and strengthen regional economic ties between academia and industry.
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Author Broad Hollow Bioscience Park