In his 2009 State of the City address back in January, Mayor Michael Bloomberg outlined plans to create thousands of new jobs and bolster the city's workforce.
The following month, on Feb. 18, he announced a series of 11 initiatives specifically targeting job creation and entrepreneurship.
One of those was to create "incubators" for startup businesses: "To help entrepreneurs launch new start-up companies, the City is partnering with academic institutions, property management companies and commercial landlords to establish high-quality, ready-to-use office space that comes with basic business services and administrative support."
Earlier today, Mr. Bloomberg welcomed 27 new businesses to the first such hub, the 160 Varick Street Incubator, for which the city negotiated a three-year lease between Trinity Real Estate and the Polytechnic Institute of New York University.
From the press release the mayor's office sent out this afternoon:
The businesses represent a cross-section of promising start-ups, including a green retrofitting company, a global fund management firm for feature film production and distribution, a digital forensics and data recovery product developer, an electronic fixed-income brokerage, and an online company that will help patients make informed healthcare decisions. More than 300 start-up companies have applied to lease space at the incubator, which is now fully subscribed and will be expanded this fall to offer space to another 15 start-up companies.
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The 16,000-square foot incubator now offers high-quality, ready-to-use office space that comes with basic business services and administrative support. NYU-Poly is providing mentoring services, business seminars and networking opportunities for tenants, who can sublease space starting at $200 per person per month for six months with an option to renew. In addition, up to 2,000 desks are available at discounted rates starting at $180 per desk through City partnerships with the Coalition of Office Space Providers and the Office Business Center Association of New York.
The full list of tenants is below:
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