senate Bill S8549

2017-2018 Legislative Session

Relates to the New York state biomedical and biotechnological translational research and entrepreneurship initiative

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Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 07, 2018 reported and committed to rules
May 09, 2018 referred to commerce, economic development and small business


view votes

Jun 7, 2018 - Commerce, Economic Development and Small Business committee Vote

Aye with Reservations
show Commerce, Economic Development and Small Business committee vote details

Commerce, Economic Development and Small Business Committee Vote: Jun 7, 2018

S8549 (ACTIVE) - Details

See Assembly Version of this Bill:
Current Committee:
Senate Rules
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§451 - 459, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9000
2015-2016: A3928

S8549 (ACTIVE) - Summary

Relates to the New York state biomedical and biotechnological translational research and entrepreneurship initiative.

S8549 (ACTIVE) - Sponsor Memo

S8549 (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K


                            I N  S E N A T E

                               May 9, 2018

Introduced  by  Sen.  BOYLE  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment and Small Business

AN  ACT  to  amend  the economic development law, in relation to the New
  York state biomedical and biotechnological translational research  and
  entrepreneurship initiative


  Section 1.  Legislative  intent.  The  legislature  hereby  finds  and
declares  that  a coordinated program of research, entrepreneurship, and
public-private partnerships and collaborations centered in and with  the
state's  public  and  private medical schools can significantly increase
the speed and amount  of  commercialization  of  research  from  lab  to
market,  materially expanding economic and job opportunities for all New
Yorkers in this high growth sector and increasing the likelihood of high
impact healthcare breakthroughs, which will improve the health and well-
being of New Yorkers and potentially reduce health care costs.
  The legislature further finds that although New York state's  biomedi-
cal  and  biotechnological  research and infrastructure includes many of
the nation's top institutions, researchers and scientists, and has  many
natural  advantages  compared  to  other  states, development has lagged
behind the nation as a whole and many states in job growth and  economic
activity  for  a  decade; and further, that as other states make signif-
icant and targeted  investments  to  recruit  top  tier  scientists  and
researchers,  and develop incentives that are creating rapid growth, the
gap between New York and other states will increase, along with a poten-
tial migration of scientific and research  talent  to  other  states  in
search of opportunity and professional advancement.
  The  legislature  further finds that recent changes that have made New
York's economic development programs more sophisticated and  competitive
can  be  combined  with  other  statutory  approaches  and precedents to
support and incentivize an effective plan for development of  biomedical
and biotechnological entrepreneurship by and through the medical schools
in  this  state,  and declares that the program enacted by this act will
expand economic activity and job development; maintain and attract  high
quality  scientists and researchers; increase resources available to the


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