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Celebrating 25 Years of Leadership and Economic Growth
   
  2004 5-Year Report » High Res PDF | Low Res PDF  

Economic Impact

 
   
 

Taken from the Center's "Report to the Community 2001"

The year ending June 30, 2001 was one of significant accomplishment and expansion for the Center for Advanced Technology (CAT) in Medical Biotechnology. By all metrics, the CAT continues to have a positive impact on the New York State economy and on the growth of New York's biotechnology industry.

The CAT is accomplishing its goals of fueling economic development in New York State through a multi-faceted economic development strategy that includes:

  • Implementing initiatives targeted toward the discovery and development of academic technologies, leading to new company formation or the transfer of intellectual property to New York's existing bioscience industry
  • Investing in the creation of infrastructure that supports the growth of the bioscience industry in New York State
  • Developing programs designed to meet the education and training needs of New York's bioscience industry.

2000/2001 Highlights

  • Gross corporate revenues directly related to the CAT's activities for fiscal year 2000/2001 approached $178M.
     
  • More than 139 new jobs were created during the year.
     
  • Research expenditures by New York companies on CAT-related research projects were $1.8M, with more than one third of the total in collaboration with small New York companies.
     
  • Corporate savings associated with the CAT were $5.1M.

To view a PDF version of the Center's "Report to the Community 2001", please click here.

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