After a challenging decade following OSI Pharmaceuticals' departure, Long Island is seeing a revival in its life sciences sector. Estee Lauder has joined Farmingdale State College’s Broadhollow Bioscience Park as an anchor tenant, and Dan Polner has been appointed as the park's new executive director. Governor Kathy Hochul has announced $10 million in funding for Feinstein Institutes for Medical Research and an additional $50 million for a life sciences competition for local startups. With these investments and a renewed focus on coordination among key institutions, Long Island aims to transform its life sciences vision into reality.
Broadhollow Bioscience Park is revitalizing Long Island's life sciences sector. With Estee Lauder as a new anchor tenant and Dan Polner as executive director, the park is set to expand. Governor Kathy Hochul’s Long Island Investment Fund (LIIF) recently allocated $60 million to bolster local biotech startups and research institutions. Plans for a new 60,000-square-foot facility aim to strengthen collaborations with top institutions like Brookhaven National Laboratory and Stony Brook University. These initiatives position Broadhollow to drive innovation, create jobs, and boost the regional economy.