NYU startup labs added $4B to city's economy

New York University's Future Labs help get tech startups off the ground, which has benefited New York City's economy, according to a new report.

New York City is quickly becoming an epicenter of the startup industry. New York University has been working to be a part of that progress with its four Future Labs — the Data, Urban, Digital and Veterans labs, which serve as startup incubators within the Tandon School of Engineering. Since the start of the Future Lab network in 2009, those institutions have had an estimated economic impact on the city’s economy of $4.06 billion, according to a new study.

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