Long Island City, historically and continuing to today, is a regional economic hub of industry and innovation, from tech, design and media to advance manufacturing, 3-D printing and artisanal food production. Over the past several years, interest from life sciences and related industries has grown significantly and LIC is poised to add these uses to its growing, innovative, live-work community. In fact, this opportunity was specifically identified in our LIC Comprehensive Plan.
LICP has retained consultants to produce a strategic business plan (the “Plan”) for developing a Life Sciences and Innovation Industries Cluster in Long Island City (“LIC”). The Plan will be based on a thorough feasibility analysis, and present a tactical outline of required steps for catalyzing and fostering a self-sustaining Life Sciences and Innovation Industries Cluster in LIC. The LICP has been awarded a grant through Round VII of the New York City Regional Economic Development Council Awards to fund a portion of this effort.
LICP recognizes that despite LIC’s many relevant favorable assets, guidance and investment is required to transform its potential into reality. The urgency of this effort has been increased by the opportunities offered through the initiatives of both Governor Cuomo and Mayor de Blasio, including the current NYC EDC Request for Expressions of Interest (“RFEI”) for an Applied Life Sciences Hub, in which LIC was specifically referenced as a possible location. The LICP study should serve both to advance our efforts in general and also to support the selection of LIC as the location for the RFEI based effort.
To learn more and to receive updates on our efforts, please contact Kaitlin Reinersten at email@example.com.
LIC Life Sciences RFP
https://www.bizjournals.com/newyork/news/2018/02/16/which-n-y-c-neighborhood-has-the-most-apartments.html (NYBiz Journal)
REDC Grant Awarded for Life Sciences
https://licpost.com/lic-partnership-gets-100000-cuomo-help-make-area-life-sciences-hub (LIC Post)