THE COUNCIL OF THE CITY OF NEW YORK
OFFICE OF COMMUNICATIONS
CITY HALL
NEW YORK, NY 10007
Release # 066-2009
 
Statement by Speaker Christine C. Quinn
Re: Albany’s Passage of the Biotech Tax-credit

"I want to thank the Assembly and the Senate for passing the Council’s Biotech Tax Credit.

"In these difficult economic times, the City needs to encourage the growth of diverse and emerging industries in an effort to create new jobs.  When you consider the wealth of resources at our disposal – research facilities, medical centers and a tremendously diverse talent pool – the real question is: why aren’t we at the front of this field already? 

"Enacting this tax credit will begin our City’s effort to lead the way when it comes to emerging bio-technologies.  I urge Governor Paterson to sign the bill into law."