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Financial 411: Drawing Tech Companies to NYC

Tuesday, July 19, 2011

City officials want to attract a major research institution to open a new science and engineering campus in New York City.

As an incentive, the city is offering publicly owned land and as much as $100 million in funding. It was the highlight of an event on the future of New York City, hosted by Crains New York Business. City officials have really been pushing technology. But there are also challenges to starting a company in New York — like the cost.

New York Works: Brooklyn Arborist Chris Roddick

The iconic image of New York City is the skyline - glass buildings jutting up into the air. But Chris Roddick spends his days climbing the city's natural skyscrapers: trees. For 17 years, Roddick has been pruning, planting and inspecting trees at the Brooklyn Botanical garden.

Sarah Kate Kramer brings us his story for this week's New York Works series.

Is there someone you think we should profile? Let us know in the comments section!

Markets

Markets soared on Tuesday, after Coca-Cola and IBM reported strong second quarter earnings, and President Barack Obama announced a breakthrough in negotiations over raising the nation's debt ceiling. The Dow rose 202 points, to12,587. The S&P rose 21 points, to close at 1,327. The NASDAQ was up 61 points, to end the day at 2,827.

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