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Gov. Cuomo says Bloomberg will fund a $10 million tri-state area contact tracing network with Johns Hopkins

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  • Former New York City Mayor Mike Bloomberg is getting back in the political arena after ending his presidential campaign last month.
  • New York Gov. Andrew Cuomo announced Wednesday that he's tapping Bloomberg to spend $10 million of his own money to set up a coronavirus testing and contact tracing apparatus in the tri-state area around New York City in conjunction with Johns Hopkins University.
  • With tax revenue plummeting since non-essential businesses began closing and people started staying home, New York State is facing a budget deficit of at least $6 billion that Cuomo has said could easily end up exceeding $10 billion.
  • New York has already led the country in total COVID-19 tests administered, and is second in testing per-capita behind only Rhode Island.
  • Cuomo has been adamant that more widespread testing will give a more accurate measure of the coronavirus' severity and will be the best indicator of when to reopen sectors of the economy.
  • Visit Business Insider's homepage for more stories.

During the governor's Wednesday morning daily coronavirus press briefing, New York Gov. Andrew Cuomo said Michael Bloomberg will be stepping in to spend $10 million of his own money to form a COVID-19 testing and contact tracing network in conjunction with his alma mater, Johns Hopkins University. 

The network will focus on the tri-state area — New York, New Jersey and Connecticut — surrounding New York City, Cuomo said.

See the rest of the story at Business Insider

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