City Partnership with Columbia Generates Tech Jobs
August 6, 2012
By Stephanie West
An agreement between the City of New York and Columbia University is expected to create more than 48,000 Jobs, nearly 1,000 Spin-Off Companies and several hundred construction jobs. This new Institute for Data Sciences and Engineering will be located at Columbia’s Morningside Heights and Washington Heights campuses in New York City,
This Columbia institute will complement other similar projects designed to strengthen New York City’s global competiveness particularly in its technology sector. The City’s goal is to establish itself as a global hub of science, research, innovation and world-class urban solutions for the future.
The new Institute for Data Sciences and Engineering will focus on five specific areas which will be crucial to New York City’s innovation economy in the 21st century, including a New Media Center, a Smart Cities Center, a Health Analytics Center, a Cybersecurity Center, and a Financial Analytics Center. The agreement includes the creation of 44,000 square feet of new applied science and engineering space on Columbia’s campus by 2016.
In the technology sector, employment in New York grew by nearly 30 percent between 2005 and 2010, with total employment now at nearly 120,000.