New York City aims to be the next Silicon Valley by attempting to attract excellent students and professors. But it's unclear whether this approach will make any gains for the city.
Is New York City the right place to build the "next Silicon Valley"? The Mayor appears to believe so and he is prepared to use a fair bit of $ to try to achieve this goal.
"The RFP is the next step in the initiative – unveiled in December 2010 – that seeks a university, institution or consortium to develop and operate a new or expanded campus in the City in exchange for access to City-owned land – at the Navy Hospital Campus at theBrooklyn Navy Yard, the Goldwater Hospital Campus on Roosevelt Island, or on Governors Island – and the full support and partnership of the Bloomberg Administration. The City is also prepared to make a significant investment in site infrastructure, offering up to $100 million in a competitive process designed to select the proposal that yields the most benefit to the City for the lowest commitment of City resources. The City expects that any public contribution will be matched several times over by resources raised by the winner or winners themselves."
To read the full, original article click on this link: Will NYC's bet on innovation pay off? - CSMonitor.com
Author: Matthew E. Kahn
