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NYC biotech industry to get big boost from new de Blasio initiative

December 21, 2016
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Mayor Bill de Blasio announced a $500 million initiative Tuesday to spur the development of the city’s biotech industry, a sector that includes medicinal research, pharmaceuticals and other fields.

Although the city is home to 100 research foundations and nine medical centers, the mayor said there is untapped potential for researchers and entrepreneurs.

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