Building New York City's Innovation Economy

Updates

Manhattan Borough President Announces Plan to Implement CUF Idea for Growing NYC's Innovation Economy In his February 2010 State of the Borough Speech, Manhattan Borough President Scott Stringer singled out CUF's 2009 report, "Building New York City's Innovation Economy" while outlining a plan to diversify the city's economy and spark new job growth in the tech sector. The Borough President embraced CUF's recommendation to create Innovation NYC," an intermediary for building bridges between universities and entrepreneurs, and unveiled the creation of a Presidents Council for Manhattan's Innovation Economy, made up of the presidents of the borough's leading scientific universities and research institutions. Citing the Center's recent report, "Building New York City's Innovation Economy," the council's purpose will be to act on major recommendations from the report such as leveraging city support to get New York's academic research institutions to support local technology spinoffs, fostering linkages among the individuals and institutions that are important to the development of a self-sustaining tech cluster, and growing the number of New York City startup companies drawing on university research. The text of his speech dedicated to the Council is below. The entire speech can be found here.