City Hall to Launch $20 Million Biotech Hub at Brooklyn Navy Yard
Mayor Eric Adams wants to create a 50,000-square-foot center to cultivate the growing life sciences and biotech industry at the historic shipyard.
This article was originally published on by THE CITY
Mayor Eric Adams is set to announce a $20 million boost for a new “innovation lab” at the Brooklyn Navy Yard that will focus on the biotech industry — with future plans to invest in a hub that would provide workforce training and space for more industry startups.
The mayor will make the announcement Thursday during his State of the City address at Queens Theatre inside Flushing Meadows-Corona Park, where he’ll outline the agenda for his sophomore year, officials told THE CITY.