Leadership Transition at the Rhode Island Life Science Hub
Neil Steinberg has announced his decision to step down as chairman of the board of the Rhode Island Life Science Hub. This move comes after he retired from the Rhode Island Foundation five months prior, in May 2023. His tenure as chair began in October 2023, marking a significant shift in his professional journey.
In a detailed three-page resignation letter dated July 15, Steinberg expressed his desire to focus on personal priorities such as spending time with family and traveling. He also mentioned working on other key issues in the state, including public education, healthcare, and housing. The letter highlighted his commitment to the organization and his willingness to ensure a smooth transition.
“Given the substantial time I have invested in the past few years, and the solid foundation now established, I am willing to make this resignation effective on a day of your choosing, but not later than September 30, 2025,” Steinberg wrote to Governor Dan McKee. His letter emphasized the importance of maintaining continuity and stability for the organization during this period.
Steinberg has been volunteering his time on the board, demonstrating a strong dedication to the cause. His leadership has played a crucial role in shaping the direction of the Life Science Hub, which was initially funded with $45 million from the state. The hub is led by its president and CEO, Mark Turco, who continues to drive forward the organization’s mission.
Key Achievements of the Life Science Hub
Over the past several years, the Rhode Island Life Science Hub has made significant strides. One of the notable achievements was securing changes to its enabling statute during the last legislative session. This update provided a stronger framework for the organization to operate and grow.
Additionally, the hub organized a large-scale summit that brought together 500 participants, showcasing the growing interest and investment in the life sciences sector. Another major milestone was the signing of a $10-million agreement to establish Ocean State Labs, an incubator for life sciences. This facility will be housed in a new seven-story building that will also accommodate the new State Health Laboratory.
Steinberg expressed confidence in the potential of the life sciences to contribute to Rhode Island’s broader economic development strategy. However, he also acknowledged the need for additional financial resources beyond the ARPA funds that will support the agency through 2026.
Notable Collaborations and Future Prospects
One of the significant accomplishments under Steinberg’s leadership was the successful landing of Organogenesis Holdings, which is preparing to open a manufacturing facility for advanced biomedical supplies in Smithfield. This development highlights the growing presence of the life sciences industry in the state.
Governor Dan McKee commended Steinberg for establishing a “strong foundation for this growing industry.” In a written statement, McKee praised Steinberg’s efforts in bringing Organogenesis to Rhode Island and expressed excitement about continuing the momentum with Hub President Dr. Mark Turco and the board.
“We’re excited to build on that momentum with Hub President Dr. Mark Turco and the board as we continue expanding opportunities in life sciences and strengthening Rhode Island’s economy,” McKee wrote.
Looking Ahead
As Steinberg prepares to step down, the future of the Life Science Hub remains promising. With a solid foundation in place and ongoing collaborations, the organization is well-positioned to continue driving innovation and growth in the life sciences sector.
The transition will be managed carefully to ensure that the progress made so far is maintained and built upon. The leadership of the hub, along with continued support from the state, will play a vital role in shaping the future of this important industry in Rhode Island.
