Building Tech Talent in NYC



By George Lacher

NYC’s push to become a global tech center has started to take off. Recently, Google CEO Larry Page and New York City Mayor Michael Bloomberg announced that Google will sublet 22,000 square feet of office space to Cornell University’s NYC Tech. ‘CornellNYC Tech’ will have full use of this office space until their new campus is ready for use – for free.

Larry Page sees his generosity as an investment in the future of technology innovation. The space provided by Google will allow for collaboration between CornellNYC Tech students and the Google staff. Page also praises Mayor Bloomberg’s passion for turning New York City into a global tech center.

The 22,000 square feet of office space is estimated to be worth about $10 million in rent over the next five or so years. Page originally bought the entire Google property for $1.8 billion. The fact that he owns the investment property instead of leasing it is what he says gives him the freedom to do things like sublet 22,000 square feet for free.

Cornell is tapping into their alumni to lead CornellNYC Tech – Former CTO of Twitter Greg Pass will act as the Founding Entrepreneurial Officer. CornellNYC Tech will become New York City’s first applied science campus.

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