Jun 11 2014

Americord Joins Governor Cuomo’s Start-Up NY Initiative

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Americord’s Significant Investment in Brooklyn Will Create New Jobs in New York

NEW YORK, June 11, 2014 — Americord announced today that it will expand its presence in New York as a result of START-UP NY, an initiative that creates tax-free areas across New York State. Under the program, Americord will invest more than $402,000 toward a new research and development laboratory and spur the creation of new jobs.

“We are thrilled to be among the first companies to take part in Governor Andrew Cuomo’s START-UP NY program,” said Americord CEO Martin Smithmyer. “SUNY Downstate Medical Center in Brooklyn is a leader in the biotech industry, so this is an exceptional opportunity for us to develop innovative stem cell preservation technologies at the lowest possible cost while maintaining the highest standards.” In addition to research and development, Americord also plans to locate certain operational activities at SUNY Downstate Brooklyn.

Americord’s track record of more than 2,200% growth since 2011 indicates that it is the fastest growing cord blood bank in the United States.

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