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James Patchett James Patchett, NYCEDC president and CEO, discusses a report which supports Long Island City as part of the life sciences hub, during an Oct. 16 presentation at Linc LIC.

NEW YORK CITY—A study conducted by the Long Island City Partnership, a neighborhood development organization, concludes that Long Island City provides a critical opportunity to foster New York City’s life sciences industry. This is because the neighborhood offers affordable space, accessible transit and a vibrant community with a talented workforce.

The report notes that LIC is experiencing historic growth as a mixed-use area. With its ample development sites, appropriate building stock, favorable zoning and affordable real estate, it offers unique opportunities for the city’s initiative to diversify its economy by boosting life sciences. LIC is geographically close to Manhattan’s East Side medical research corridor and the Cornell Tech campus on Roosevelt Island, and has easy access to two major airports. The study points out that with eight million square feet of office and industrial space, Long Island City could be one of the city’s major central business districts.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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