Silicon Island Rising in NYC, Net-Zero Energy Campus

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New York City is embarking on a visionary, game-changing project that will demonstrate how to dramatically grow the economy by investing in advanced education and clean energy. It’s building an entirely new applied science campus, dubbed NYCTech, to turn the city into a high tech center of innovation, and to turn its home on Roosevelt Island into "Silicon Island." The campus, which will break ground in 2015, will be among the greenest in the world and will be an economic boom for the city, generating an estimated $23 billion over the next 30 years, $1.4 billion in tax revenue, 20,000 construction jobs and 8,000 full-time jobs, according to NYC’s Economic Development Corporation. Besides being an educational powerhouse, it’s expected to spin-off about 600 companies, creating another 30,000 jobs. In addition to providing cutting edge research and teaching, NYCTech will offer support for the kinds of businesses that excel in NYC – urban planning, medicine, advertising, and finance. Services to get these businesses off the ground will include pre-seed financing, legal support, partnership building, and business competitions designed to spur innovation. An on-site tech transfer office will facilitate startup formation and technology licensing. A $150 million revolving financing fund will be […]

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