First City-Sponsored Small Business Incubator to Graduate 22 Companies

Mayor Bloomberg, New York City Economic Development Corporation President Seth W. Pinsky, and Polytechnic Institute of New York University President Jerry M. Hultin today announced that 22 companies have graduated or will soon graduate from the Varick Street Incubator, the first in the growing network of City-sponsored business incubators.

This diverse roster of innovative companies includes 12 businesses that have already graduated from the Varick Street Incubator in recent months, and 10 more that are set to graduate between April and July. Collectively, these 22 companies have already created more than 300 jobs. Launched in 2009 as a partnership between the New York City Economic Development Corporation, the Polytechnic Institute of New York University and Trinity Real Estate, the Varick Street Incubator provides low-cost office space and valuable training to emerging innovative technology companies. The Mayor was also joined at the announcement at the incubator’s new space at 137 Varick Street by Small Business Services Commissioner Robert W. Walsh, President of Trinity Real Estate Jason D. Pizer, President and CEO of the Hudson Square Connection Ellen Baer, and several representatives from incubator companies.

“Over the past three years, we’ve launched a total of 10 small business incubators, and today we are seeing the fruits of our labor: successful companies and good jobs,” said Mayor Bloomberg. “What started on Varick Street three years ago has now spread throughout the city. At all of our incubators, big ideas are being hatched and innovative companies are being born.”

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