In an effort to wean the city off its dependence on Wall Street, New York City Mayor Michael Bloomberg is bringing the biotechnology industry to Brooklyn. The first tenant in the old Brooklyn Army Terminal, International AIDS Vaccine Initiative, is to open its laboratory today. The city has spent $35 million to build or renovate the space for office and labs and has pledged an additional $48 million. In Manhattan, the East River Science Park is also under construction.
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