Westchester’s Burgeoning Healthcare Technology
Westchester already has a $15-billion healthcare, life sciences, biotech and IT sector, and those industries continue to grow because Westchester provides key advantages, including affordable real estate. Tech and startup commercial space in White Plains leases for $25 to $30 per square foot compared to $65 in New York City.
Technology is transforming healthcare leading to medical advances, data mining, therapeutics and applications that once seemed like something only George Jetson could dream about. But on May 7-8, Mercy College sponsored Health Tech ’14: Fueling Innovation in Westchester, and the conference hosted some 600 attendees from the science and business communities solidifying Westchester as one of the best places to live.
The conference offered incomparable opportunities for entrepreneurs, scientists, financiers, and healthcare executives and professionals to network and gain important business intelligence to help their businesses grow in Westchester. Terms like brain-machine interface devices, bioinformatics, and human leukocyte antigen sequence-based typing were tossed around as panelists, guest speakers, and those in attendance discussed opportunities to nurture and grow Westchester’s burgeoning health tech industry and ways to attract additional companies in the industry. And you don’t have to understand technology-speak to understand what a boon this is for our county’s economy.
Attorney Bill Harrington, Westchester County Association chairman and partner Bleakley Platt, White Plains put it this way, “We are in the midst of a healthcare tsunami – and it is a tremendous opportunity for Westchester. Our goal is to be one of the largest health tech, biotech, and med tech hubs in the Northeast. We think it can be a $15 billion economic engine for us.”
Neil Stahl, PhD, senior vice president, research and development sciences, Regeneron, Tarrytown, expressed his delight at the possibility, “Wow – Westchester. Who knew? We are excelling in the business of healthcare – and it is the most noble enterprise . . . The excitement here is palpable.”
Steven Safyer, MD, CEO, Montefiore Medical Center exclaimed, “Our strategy is . . . to build the full spectrum and capacity to care for this population. Our goal is to keep patients in Westchester – and we will fulfill that promise.”
Yes, George Jetson the future you dreamt about is here, and Westchester is leading the way in providing a place for these industries to continue to grow and innovate.