Plans To Create Urban Campuses For NYC Tech Startups

Plans To Create Urban Campuses For NYC Tech Startups

Work-live spaces will be created for young professionals in Manhattan.

Ryan Gerhardt
  • 23 april 2013

It seems like 2013 is barely underway and already people are addressing the end of Mayor Bloomberg’s post in New York City (which runs until the end of December 2013). Up first? The Partnership for NYC.

The Partnership for NYC is a nonprofit organization comprised of New York City business leaders that are looking to strengthen the city’s economy and labor outlook. Comprised of a board that includes the CEO’s of Macy’s and BlackRock, the Partnership for NYC recently released their NYC Jobs Blueprint containing labor recommendations that could help guide the next mayor.

One of the most notable recommendations? Creating an urban campus to provide ‘flexible, affordable live-work spaces for the next generation of young professionals.’ The Partnership is even willing to provide seed money for the project.


The Partnership Fund, which handles the nonprofit’s investments, is willing to put up $20 million for the tech campus in the hopes that this model can foster greater growth for digital startups. Startup growth seems to have been limited thus far because with increased size comes greater overhead expenses (i.e. rent, utilities, etc) – disproportionately so in New York City. While new companies form everyday, if the existing ones never grow, labor force growth will be nonexistent.

Of the 220,000 businesses in the city, 195,000 or 88%, have fewer than 20 employees.

The plan suggested by the Partnership for NYC hopes to mimic Las Vegas’s successful startup model for entrepreneurs and tech startups by providing a campus that would:

 include vertical live-work communities and “flex” work space for the growing creative, tech, health and advanced manufacturing sectors . . . [to incentivize] development of commercial and industrial space in mixed use zones that is affordable to growing companies.

While $20 million is a generous investment, the potential costs of such a project are staggering. Suggested sites for the project currently include Downtown Brooklyn, Sunset Park, the Long Island City waterfront, Staten Island’s north shore, and varied areas of the Bronx.

In addition to plans for the work-live spaces, the jobs report also includes an outlook on: financing infrastructure improvements with public-private investment, creating an organization to fuel New York’s innovation and knowledge economy, establishing industry-labor partnerships, and programs to reverse the erosion of middle class jobs.

The Partnership for NYC // BetaBeat


Zagat's Cafe Offers Tiny Replicas Of Classic NYC Dishes

Experiential Marketing
Travel Today

Mercedes Reveals Dazzle-Free LED Headlights

Digital Light offers great precision with a resolution of over two million pixels

Product Launch Today

Nissan Is Testing A Digital Car Sharing Program In Europe

Nissan plans to launch their new service in Paris sometime this year to trial the profile-matching service


Get PSFK's Related Report: Future of Automotive

See All
Social Media Today

Your Favorite Tweets Are Now Wearable

This temporary tattoo allows fans to wear their most favorite moments from the social platform

Health Today

This Mirror Tracks Your Dark Circles And Fine Lines

HiMirror is a device snaps a photo of your face every day to provide feedback on how to care for your skin

Sustainability Today

Biodegradable Furniture Made From Pine Needles Could Be The Next Phase Of Sustainable Living

Premiering at Dutch Design Week 2016, the collection fully utilizes an often wasted material

Retail Today

Creative Director: Navigating The New World Of Founder-Brands

Richard Smith, Creative Director at Sullivan, explains how visionaries like Elon Musk and Mark Zuckerberg approach their branding and why it’s important to apply brand thinking to founders’ products

Syndicated Today

Madrid's 'Robin Hood' Cafe Charge The Rich To Feed The Poor

The charity restaurant makes money from customers by day to offer homeless people meals at night


Future Of Retail 2017
Transformation Strategies For Customer-First Business

PSFK Op-Ed Yesterday

VP: Why Messaging Apps Are Issuing In A New Era Of Commerce

Matt Johnson discusses how mobile messaging commerce is creating a different modality for interaction between retailers and consumers

PSFK Labs december 1, 2016

Retail Spotlight: Home Depot Reimagines How Employees Conduct Tasks

The home improvement retailer puts the customer first by initiating local fulfillment centers and simplifying freight-to-shelf inventory management

Technology Today

Modular System Lets Musicians Create Their Own MIDI Controllers

Mine is a customizable music-maker that lets people design their most ideal layout

USA Today

Amazon Launches Cashier-Free Store For Ultimate Efficiency

The retailer is looking to make shopping even faster by letting customers instantly pay as they walk out the door

Augmented & Virtual Reality Today

Marble-Like Mini-Worlds Invade Miami Art Week And Your Mobile Screen

The gallery world's sphere of influence seems to be expanding into the realm of Pokémon Go—why that's a good thing

Health Today

A 'USB Stick' That Can Detect HIV Levels

The simple device developed at Imperial College London measures viral load in less than 30 minutes

Customer Retention Today

Crafting The Personalized Retail Experience

Marriott International's Christopher Baer shares insights into how the hospitality company is strategizing customer service


Conference Built Around Report Launch

Children Today

Experience The White House In Augmented Reality Using A $1 Bill

1600 Pennsylvania Ave. is an AR app designed to help people learn about the history and significance of the United State's capital building

Travel Today

Portable Computer Monitor Opens Up Like An Umbrella For Travelers

This mobile screen and projector means work can go anywhere and still feel like working from home

Food Today

Starbucks Is Selling An Automated Temperature-Setting Mug

For those looking to keep their coffee hot on their winter commutes, the coffee chain has created a device that keeps beverages exactly at their desire temperature

No search results found.