Mayor Bloomberg Reveals His Plan For New York To Overtake Silicon Valley

michael bloomberg

Today at Crain’s New York Business Conference, Mayor Bloomberg announced his long-awaited Request for Proposals for a NYC engineering campus.

More than a dozen schools around the world expressed initial interest; now they’re officially invited to submit their plans. Bloomberg is offering them one of three possible locations for the facility: Governors Island, the Navy Yard and Roosevelt Island.

The city will provide real estate at “virtually no cost” plus up to $100 million in infrastructure upgrades. In exchange, the selected school must build a world-class campus.

“The fact is, New York was Start-up City before there were start-ups,” Bloomberg says.

“When I created Bloomberg LP in 1981, no one called us a start-up. But that’s what we were. We had an untested idea that relied on untested technology developed by a one-time engineering student and a few computer scientists. Of course back then, they weren’t called scientists. They were called nerds. But I could never have built the business without them.

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