capital programs

LI’s $330M innovation budget

The state delivered on promises to help move Long Island’s innovation economy forward, with more than $330 million tucked away in various pots of the just-passed 2016-17 budget. The headliner: $50 million to jump-start a $350 million center for bioelectronic medicine based on the pioneering research of Kevin Tracey, director of Northwell Health’s Feinstein Center for Medical Research. Bioelectronics, which uses electrical pulses to stimulate the immune system, has the potential to replace drug therapies for such…