Brooklyn's BioBAT Biotech Park
Mayor Michael R. Bloomberg may be robbing us of one of the things we like to gripe about: the slow pace of his administration’s departure from its initial narrow focus on residential, office, entertainment, and retail development, e.g., Willets Point, Coney Island, Hunters Point South and the Kingsbridge Armory Mall.
That’s what we concluded today when we saw Mr. Bloomberg join with SUNY Downstate Medical Center President John C. LaRosa at a press conference at the Brooklyn Army Terminal, where they announced Phase II of BioBAT, the biotechnical industry facility that NYC’s Economic Development Corporation and Downstate are developing together. Continue reading
Posted in Economic Development
Tagged Apath, BioBAT, biotech industry, Brooklyn Army Terminal, Downstate Medical Center, EDC, Eva Cramer, IAVI, John C. LaRosa, Marty Golden, Marty Markowitz, NYC economic development, NYC Economic Development Corporation, NYC EDC, SUNY Downstate Medical Center
A week ago we asked our readers to comment about why NYC’s middle class has vanished 44% faster than in the rest of the United States since 1970. We cited reasons suggested by a NYC think tank, the Center for an Urban Future. One of them: a NYC job mix that had “shifted away from positions that provide middle-income wages and benefits.”
In a companion 2009 report, “Building New York City’s Innovation Economy,” CUF suggested specific ways for NYC to encourage job growth in the tech sector, including linkages between research universities and tech entrepreneurs. Continue reading