New York Gov. George Pataki announced that $200 million has been earmarked for a program to promote biotech research.

Of the $200 million, $40 million will be used to build facilities in Manhattan and Brooklyn. Columbia, Cornell, Memorial Sloan Kettering, Mount Sinai and New York University are among the schools and research facilities that will use the funds to expand biotechnology and biomedicine research. The grants would be matched another $600 million in already-pledged private and federal funding.

Whether embryonic stem cell research will be supported from these funds remain unclear.

Read full report from New York Business.