October 26, 2001
Yale's Biotech Boom Is a Bust for City of New Haven, Conn., Report Says
The biotech boom that Yale University is helping to bring to New Haven may be great for Yale. But it isn't doing much for the city itself, according to a report by the Connecticut Center for a New Economy.
A number of companies that came to New Haven or that were spun off from the university pay royalties to Yale for the right to commercialize its inventions or to sponsor research there.
The companies, though, contribute little to the city's tax base, the center argues, because
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Athletics
-
Nota Bene
-
Commentary
