Lisa Chow is the economics reporter at WNYC. She tries to explore in her stories surprising aspects of New York’s many economies—in plain view or hidden, in neighborhoods or sectors.
Hoping to help feed and grow the local technology start-up community, the Bloomberg administration is trying to attract a new school for engineering and applied sciences to New York City.
"When we try to look over the horizon and look at the skills that will be helpful for businesses that are growing," the city's Deputy Mayor of Economic Development Robert Steel said, "this is an area that if you did a map of our relative skills, we're not as strong in this area as we'd like to be."
In his first major speech since assuming the city job in August, Steel, who previously ran Wachovia bank as its CEO and worked at Goldman Sachs for almost three decades, told an audience of civic and business leaders at Google's New York office that the administration is soliciting ideas from universities around the world for a partnership with the city.
"We are prepared to make a significant capital contribution and possibly offer city sites at the Brooklyn Navy Yard, on Roosevelt Island, on Governors Island and at Farm Colony on Staten Island, as well as certain central business districts around the City," he said.
Steel wouldn't say how much money the city would be willing to put up for such a project, saying he didn't want to "pre-judge" what various institutions would need to build a school in New York City.