Posted September 3rd, 2009
"We want to keep New York a place where innovators and entrepreneurs want to be....and the new businesses gathered here give us an exciting preview of the future of business in our city," said Mayor Michael Bloomberg as he welcomed the first tenants of the city's business incubator at 160 Varick Street at a press conference this morning.
The City of New York, the Real Estate Division of Trinity Church, NYU and NYU Polytechnic Institute collaborated to open this new business incubator on July 1. Twenty seven businesses were selected from the three hundred who applied for access to low cost office space, technical support and mentoring. The space can accommodate forty businesses and efforts are underway to screen and select additional tenants. In addition to the major benefit of office space, the Mayor called out the "stimulation that comes from being around motivated and creative people.