NEW YORK -- Mayor Michael Bloomberg fired a shot across the bow of Silicon Valley Tuesday, saying New York City's efforts to attract a new science and engineering campus will help the metropolis surpass the California region as the world capital of technology startups.
Bloomberg said he believes that in its first three decades the school could help launch 400 new companies and create more than 22,000 permanent jobs, as well as more than 7,000 construction jobs.
The city plans to offer nearly-free real estate and up to $100 million in infrastructure upgrades to a university, institution or consortium that commits to creating what Bloomberg says will be a world-class science and engineering campus, to be built on Governors Island, the Brooklyn Navy Yard or Roosevelt Island.
Stanford and Cornell universities and the University of Chicago have expressed interest in the deal.
-- Associated Press
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