Monday, February 7th, 2011 at 12:34
New York City officials have expressed a concern that the Big Apple is not keeping up with the west coast in terms of the volume of successful tech-based start-up companies.
New York is home to more students than any other US city. Despite this, the city lacks a post-graduate institution that can compete with the likes of MIT and California’s Stanford University.
City-owned land has been offered as an incentive to attract a top engineering university to begin a franchise in the city. The city’s bosses believe that this move will act as a catalyst in attracting and influx of new technology companies (and the jobs they create) to set up shop in NYC.
Such a development would be great for the city; not to mention the industry as a whole.
(Source: New York Times)
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