Daily Stock Market News

The Estée Lauder Companies forms strategic partnership with Farmingdale State College to


THE WHAT? The Estée Lauder Companies (ELC) has formed a strategic partnership with Farmingdale State College (FSC) to support STEM education and job opportunities. 

THE DETAILS The alliance looks to drive innovation and support for emerging STEM talent across Long Island, with ELC having leased approximately 40,000 sq. ft. of laboratory and office space at Broad Hollow Bioscience Park (BHBP), located on the FSC campus.

As part of the collaboration ELC intends to hire talent for more than 30 new scientific research and development (R&D) roles and in spring 2022 will relocate select teams of employees to the new space.

An applied learning initiative will begin in Fall 2022 to help prepare students in FSC’s science engineering programs for potential R&D roles at ELC.

It will also include internships and collaborative research activities for FSC students and faculty, adjunct academic opportunities for ELC R&D leaders, and student scholarships.

The arrangement also brings to BHBP an anchor tenant focused on research and development, and marks ELC’s first co-location with an academic institution.

THE WHY? Lisa Napolione, Senior Vice President, Global Research & Development at The Estée Lauder Companies, says, “We are very proud to collaborate with Farmingdale State College and SUNY to further fuel R&D innovation and empower STEM leaders of tomorrow across Long Island and New York State.

“At ELC, our scientists, researchers, engineers, and product developers thrive on combining science, technology and creativity to formulate transformative prestige beauty products. Our collaborations with universities around the world help us stay on the cutting edge and advance our commitment to scientific excellence and delivering the highest quality, breakthrough prestige beauty products to consumers.”



Read More: The Estée Lauder Companies forms strategic partnership with Farmingdale State College to

You might also like