PRESENTATION
Growth of the life science industry in New York City
0:50:33
ยท
41 sec
The life science industry in New York City has seen significant growth since the inception of the Life Sci NYC program in 2016. EDC coordinates the city's vision for this rapidly expanding sector.
- Over 1,500 life science companies in NYC by end of 2023, a 46% increase since 2016
- 42,000+ workers employed in the life science ecosystem in 2024
- $16.5 billion contribution to New York City's economy
Cecilia Kushner
0:50:33
Through life science NYC, EDC coordinates the city's vision for the life science industry, which is becoming one of the fastest growing and top performing sector of the innovation economy in terms of company growth, revenue, and job creation.
0:50:48
At the end of 2023, the life science industry represented more than 1500 companies in New York City, a 50 sorry, a 46% increase since the life sci NYC program began in 2016.
0:51:02
And in 2024, the life science ecosystem employed over 42,000 workers and contributed $16,500,000,000 to New York City's economy.
0:51:12
Next slide, please.