The New York City Economic Development Corporation has announced $26M in grants for two life science lab projects in Manhattan, part of the city's $1B LifeSci NYC initiative.

The EDC announced that City College of New York (CCNY) will receive $15M, while Mount Sinai Health System will get an $11.6M grant.

CCNY will use the funds to launch a facility known as City Innovation Collaborative in the Tasty Lab Building in West Harlem. The public university will develop a 36K SF wet and dry lab for startup.

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