Tandon in the News
With Struggle to Create Jobs, Polytech Incubator Encourages Innovation
- The TAKE AWAY August 5th, 2011
- Source: http://www.thetakeaway.org/2011/aug/05/struggle-create-jobs-polytech-incubator-encourages-innovation/
Economists forecast that Friday's unemployment report will show the nation's unemployment rate has not changed at 9.2 percent, with an expected figure of 90,000 jobs added last month. Congress has done little to address unemployment, infuriating voters around the nation. But, the Polytechnic Institute of New York University has an idea about lowering unemployment. The institute has teamed up with the city of New York to found an incubator that provides a physical space and money to help new businesses take off.
The Takeaway's host, John Hockenberry spent a day visiting young entrepreneurs at the Varick Street Incubator, and he speaks with Polytech president Jerry Hultin about the venture.