Can’t Afford Boston or NYC? Here’s a Scalable Biotech Alternative in New York
- Post by wpfcidaadmin
- September 23, 2025
Can’t Afford Boston or NYC?
Here’s a Scalable Biotech Alternative in New York
The Biotech Dilemma: Innovation Can’t Thrive in Expensive Boxes
Urban tech hubs are pricing out early-stage science. In Fulton County, NY, you don’t have to choose between survival and scale.
- Rent in top cities is $90–$120/sq ft — unsustainable for Series A firms
- Lab space is either nonexistent or requires costly custom builds
- Investors want capital efficiency, not prestige leases
Fulton County offers biotech founders space to grow — not just survive.
Four Shovel-Ready Parks Built for Biotech
Whether you need R&D labs, GMP space, or clean manufacturing — FCIDA delivers.
- Tryon Technology Park: 200+ acres, fully equipped, ideal for labs and GMP scale-up
- Johnstown Industrial Park: 4 miles from I‑90, ideal for biomanufacturing
- Crossroads Industrial Park: Industrial zoning with logistics access
- Crossroads Park: A serene, campus-style option for admin and clinical trial teams
All sites feature fast approvals (60–90 days) and utility infrastructure in place.
Incentives That Actually Move the Needle
Big savings. Real support. No red tape.
- 50% property tax exemption (PILOT) in year one, tapering over 10 years
- 8% sales tax exemption on equipment and materials
- 1% mortgage recording tax exemption in Fulton County
- Excelsior Jobs access and other NYS grant pathways
- Workforce development partnerships with SUNY and local colleges
FCIDA isn’t a landlord — they’re a launch partner.
Founder-Friendly from First Call to Scale-Up
You have milestones to hit. We help you get there faster.
- 60–90 day approvals for SEQR and site plans
- Concierge-style onboarding and permitting support
- Post-move help with grants, zoning, and expansion
You won’t outspend big-city labs — but you’ll outscale them.
Ready to explore shovel-ready sites or run a tax savings scenario?
Get in touch with Fulton County IDA for a no-cost consultation and customized ROI analysis.