We estimate that in its first 30 years, a new applied science campus in New York could spin off some 400 new companies and create more than 7,000 construction jobs and more than 22,000 permanent jobs. With this important applied sciences and engineering initiative, we will ensure that New York City will be at the forefront of America’s innovation economy for generations to come.
*Clarification (8/23/11): The land grant program referred to was created in 1862. In actuality, the University of Michigan was founded in 1817, although it did benefit from land grants.
This article was originally published with the title The Best and the Brightest.