To boost economy, NYC will invest in rapid Covid test

Columbia University research team to get $164K to study antigen test

New York /
Mar.March 01, 2021 10:22 AM
(iStock/Illustration by Kevin Rebong for The Real Deal)

(iStock/Illustration by Kevin Rebong for The Real Deal)

New York’s road to economic recovery is going to be long, but city officials want to speed things up by making Covid-19 tests easier to access.

The New York City Economic Development Corporation, which bolsters economic growth in the city, plans to work with researchers from Columbia University to produce a rapid Covid test that would be available to the city directly, the Wall Street Journal reported. The group plans to award $164,000 to Dr. David Ho, a researcher at the university, in an effort to fund studies of the rapid test.

“The sooner that we can get testing innovation out there, the sooner we can reopen things and get people back to work at a broader scale,” NYCEDC head James Patchett told the publication.

Columbia researchers previously developed a test that was used to help reopen the school’s Morningside Heights campus. Ho, director of the Aaron Diamond AIDS Research Center at Columbia, told the newspaper that his team will seek emergency-use approval for its antigen test from the U.S. Food and Drug Administration.

The move comes as the city takes steps to open more businesses and facilities that have been closed due to the pandemic. Indoor dining returned in February, with restaurants now allowed to operate at 35 percent capacity; sporting events have also welcomed attendees, and more things like weddings and summer camps will be allowed in the coming months.

But the city’s positive Covid-19 cases remain high, even though the numbers have been decreasing in recent weeks. And New York remains in the bottom 10 states as far as vaccinations go, according to the Journal.

Separate from the EDC’s effort, real estate companies like RXR Realty and Related Companies have been taking matters into their own hands by establishing on-site rapid-testing facilities on their properties in an effort to get more workers back to offices. [WSJ] — Akiko Matsuda





    Related Articles

    arrow_forward_ios
    City Planning Commissioner Chair Marisa Lago (Getty, Dept. of City Planning)
    Gowanus rezoning gets green light
    Gowanus rezoning gets green light
    Hammerson CEO Rita-Rose Gagne and Brookfield's Bruce Flatt. (Hammerson, Brookfield, Getty)
    Brookfield’s US malls are struggling. Now it’s buying some in Europe
    Brookfield’s US malls are struggling. Now it’s buying some in Europe
    Judge Katherine Levine (Getty)
    Gowanus rezoning may move forward as soon as Monday
    Gowanus rezoning may move forward as soon as Monday
    (iStock)
    Homebuilder sentiment ticks up in April
    Homebuilder sentiment ticks up in April
    Clockwise from left: New York Rep. Nydia Velázquez, Ritchie Torres, Jerrold Nadler, Hakeem Jeffries and Tom Suozzi (Getty)
    NY Dems lay out ultimatum on SALT repeal
    NY Dems lay out ultimatum on SALT repeal
    New York State Senator Michael Gianaris (Getty, iStock)
    New York deals a blow to Opportunity Zones program
    New York deals a blow to Opportunity Zones program
    The effective rate was 1.1 percent, on average, in 2020, down from 1.14 percent in 2019. (iStock)
    Homeowners’ property taxes grew twice as fast last year
    Homeowners’ property taxes grew twice as fast last year
    New York State Supreme Court judges Arthur Engoron, Verna Saunders and Katherine Levine (Illustration by Kevin Rebong for The Real Deal)
    When big-time projects are stopped by small-time judges
    When big-time projects are stopped by small-time judges
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...