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Magazine ranks New York No. 2 for biotechnology
Gov. George Pataki touted the July issue of Business Facilities Magazine, which ranked New York No. 2 in the nation for developing biotechnology.
Business Facilities is a magazine for companies seeking to expand or relocate their companies.
"The State's high ranking in this important industry magazine is yet another sign that our unprecedented efforts to promote high-tech, biotech and small tech research and economic development is returning major dividends," Pataki said. "The high technology we're creating today is helping to create the new jobs and economic growth of the future all across New York state."
The news came the same day members of the media toured a new $45 million biotech facility in the state University at Albany's East Campus site in East Greenbush, N.Y. The building is expected to open next month.
Business Facilities measured eight factors in determining its rankings, including the number of establishments in four major biotech sub-sectors agricultural feedstocks and chemicals, drugs and pharmaceuticals, medical devices and equipment, and research and testing.
Last year, New York's colleges, universities, medical research centers, and biotechnology companies were awarded a record $1.96 billion in funding in federal biotechnology research grants, beating the previous record of $1.89 billion set in 2003.
New York state leads the nation in top 100 medical institutions receiving federal life science funding, Pataki said.
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