Monday July 22, 2019

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Appplied Science Campus Looks to Help Grow Tech Prowess of NY

While Silicon Valley has long been known as the hub of entrepreneurialism and technological innovation, NY has too risen in prominence — it has become a city with boundless possibilities when creativity and innovation collide.

The Bloomberg administration has helped to foster the tech spirit and heighten innovation. According to The Atlantic Cities, its new Applied Sciences initiative aims to boost tech R&D, spark job growth, foster entrepreneurial endeavors and diversify the area economy by establishing a state-of-the-art applied sciences and engineering campus in the center of NY.  The city announced last month its choice to partner with Cornell University and the TechnionIsrael Institute of Technology to create the “NYCTech” campus on Roosevelt Island, with phase one of the campus build-out to develop 300,000 square feet by 2017, though the two universities aim to start classes at a temporary site this September.

The city expects that the new campus will create up to 20,000 construction jobs; up to 8,000 permanent, well-paying jobs for a broad range of skill levels; 600 new companies; and billions in additional economic activity, the Atlantic maintains.

The Atlantic Cites