Job Creation

Growing Long Island’s economy:

It is imperative that we continue to create good jobs here on Long Island. One of the ways we’ve been working to ensure our children’s future here is through the Gen*NY*sis program. The Gen*NY*sis program was created to encourage growth in biotechnology and life sciences research.

Bringing biotechnology to New York:

This year, Gen*NY*sis is a $530 million plan including $25 million in tax incentives for 8 Gen*NY*sis zones. On Long Island, research institutions include SUNY Farmingdale, Cold Spring Harbor Laboratories, and SUNY Stony Brook.

Positioning Long Island for the future:

In September, Governor Pataki joined with Nassau’s Senate delegation to announce a comprehensive public-private partnership that will capitalize on the region’s assets and establish Long Island as the undisputed capital of the emerging biotech economy. An extension of the Gen*NY*sis program, the funding will provide $48 million in State support for a $71.5 million initiative to bolster Long Island’s burgeoning biotechnology economy. The partnership includes the internationally renowned Cold Spring Harbor Laboratory, OSI Pharmaceuticals, North Shore-Long Island Jewish Institute and academic partners at Hofstra University, SUNY Farmingdale and Molloy College. The projects, funded through the Senate's "Gen*NY*sis" plan and other State economic development programs, will augment existing research capacity, enhance educational opportunities and expand available commercial/laboratory facilities, building upon the region’s tremendous biotechnology strengths and bolstering the region's position at the forefront of biotech research and economic development.