Tag Archives: Estee Lauder

28
Sep
Date September 28, 2022
Author Broad Hollow Bioscience Park

Long Island’s Life Sciences Revival: New Investments and Strategic Moves

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.
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Author Broad Hollow Bioscience Park
22
Sep
Date September 22, 2022
Author Broad Hollow Bioscience Park

Broadhollow Bioscience Park Pioneers Long Island’s Life Sciences Renaissance

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.
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Author Broad Hollow Bioscience Park
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