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Jones Lang Lasalle's Life Science Industry Outlook Report lists Long Island as their 2017 Emerging Cluster:
“The Long Island life sciences landscape continues to fuel the local economy as firms emerge from world-class research facilities. Efforts to accelerate the commercialization of bioscience findings have been made throughout the region, particularly through strategic partnership efforts as part of the Long Island Bioscience Hub. As one of three such hubs in the country, it serves as a leading catalyst of life sciences growth on Long Island.”
Long Island is part of the New York City, New Jersey, Long Island cluster that is ranked in the top five clusters in the nation for Life Sciences research and manufacturing. This cluster includes 546 companies employing over 28,000 people. Our region boasts a strong manufacturing presence combined with the Long Island Bioscience Hub comprised of Brookhaven National Laboratory, Cold Spring Harbor Laboratory, the Feinstein Institute for Medical Research, and Stony Brook University.
The life sciences industry in Nassau County is well positioned for growth as innovation-focused funding from the state solidifies groundbreaking bioscience initiatives and research projects. Nassau County serves as headquarters for Cold Spring Harbor Laboratory, a 125-year-old biomedical nonprofit laboratory, and is home to many lab-based companies such as Mirimus and Certerra. Great Neck-based Northwell Health, the largest private sector employer on Long Island, is expanding rapidly along with its research wing, The Feinstein Institute for Medical Research. The Nassau County life sciences market is mainly comprised of owner-occupied laboratory facilities.
Stony Brook University serves as an integral part of the research corridor initiative of Long Island. The National Institutes of Health awarded Stony Brook University’s Center for Biotechnology a three-year, $3 million grant to create the Long Island Bioscience Hub in collaboration with two key partner institutions. Suffolk County is also home to Brookhaven National Laboratory, a 4 million-square-foot multipurpose research lab facility funded by the U.S. Department of Energy, founded in 1947. The majority of life sciences establishments are in owner-occupied facilities in a campus setting . In recent years, pharmaceutical companies have dominated commercial activity growth with the majority concentrated in Western and Central Suffolk.