Tag Archives: Long Island

14
Dec
Date December 14, 2023
Author Broad Hollow Bioscience Park

New 200,000-Square-Foot Cell and Gene Therapy Hub Coming to Lake Success

A 15-acre site in Lake Success will soon host a 200,000-square-foot cell and gene therapy research hub, backed by up to $150 million in state funding. The project aims to support startups, create hundreds of jobs, and propel Long Island's life sciences sector. The hub will include a business incubator to help bring scientific discoveries to market.
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Author Broad Hollow Bioscience Park
16
Oct
Date October 16, 2023
Author Broad Hollow Bioscience Park

Accelerate Long Island: Funding Support for Bootstrapping Entrepreneurs

Accelerate Long Island offers $130,000 in grants to support bootstrapping tech entrepreneurs with essential professional services like legal, accounting, HR, and marketing. Funded by a $1.25 million, five-year grant from Empire State Development, this program helps early-stage startups gain momentum. Applications are open to tech startups less than five years old with under $1 million in equity.
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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
19
Jun
Date June 19, 2018
Author Broad Hollow Bioscience Park

Farmingdale’s BF Innovation Joins Start-Up NY Tax-Free Program

BF Innovation Inc., a skin-care product developer located in Farmingdale’s Broad Hollow Bioscience Park, has joined Gov. Andrew M. Cuomo’s Start-Up NY tax-free zones program. This participation exempts the company from state and local taxes for up to 10 years and offers state income tax exemptions to its new employees for the same period. The company focuses on developing topical drug products for dermatitis and aims to double its workforce by year-end. BF Innovation is the fourth Start-Up NY participant at Farmingdale State College’s zone, joining other biotech startups.
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Author Broad Hollow Bioscience Park