New Columbia institute to advance NYC tech industryBloomberg.
This is according to a news release from the city announcing the plan. The agreement includes the creation of 4,000 square metres of applied science and engineering space by 2016. New York City will provide $15 million in financial assistance, including discounted-energy transmission costs and partial debt forgiveness, according to the release.
Mayor Michael Bloomberg has made developing the city’s technology industry a major initiative. Cornell University in Ithaca, New York, and its partner Technion-Israel Institute of Technology, last year won a city contest to build an engineering campus with a grant of land on Roosevelt Island and $100 million for infrastructure improvements. Columbia’s plan is another advance, the mayor said.
Full report on the Bloomberg site