Mayor Bloomberg, NYU President John Sexton, NYU-Poly President Jerry Hultin and MTA Chairman Joseph Lhota today announced an historic agreement among the City, MTA, and a consortium of world-class academic institutions and private technology companies that will lead to the creation of the NYU Center for Urban Science and Progress, to be located in Downtown Brooklyn. The announcement is the next milestone in the City’s groundbreaking Applied Sciences NYC initiative, which seeks to increase New York City’s capacity for applied sciences and dramatically transform the City’s economy.

The Center for Urban Science and Progress (CUSP) will be a partnership of top institutions from around the globe, led by NYU and NYU-Poly, and will focus on research and development of technology to address the critical challenges facing cities, including infrastructure, tech integration, energy efficiency, transportation congestion, public safety and public health. The consortium will also include other highly respected academic institutions, such as City University of New York, Carnegie Mellon University, University of Toronto, University of Warwick, Indian Institute of Technology Bombay, as well as two leading companies IBM and Cisco, and will grant academic degrees in engineering and sciences. NYU named Steven Koonin – a theoretical physicist who has served as Undersecretary of Energy for Science and as Provost of the California Institute of Technology – as CUSP’s inaugural director. New research and technologies developed at CUSP are expected to generate $5.5 billion in overall economic impact and 7,700 jobs over the next three decades.

Mayor Bloomberg said:

“Over the next five years, 370 Jay Street will be transformed into a cutting-edge center for research and science that will give another huge boost to our city’s economy,” said Mayor Bloomberg. “Our Administration has long seen the promise of Downtown Brooklyn, and we’ve made the investments needed to transform it into a thriving center for business. With the addition of this new campus, Brooklyn will be one of the most dynamic environments for entrepreneurs anywhere in the country.”

Find out more about the new applied sciences center in Downtown Brooklyn.

Image credits: NYU

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