Thank you Chairperson Burden and Commissioners for the honor of testifying on behalf of NYU 2031.
In 2005, I was named as the 10th President of Polytechnic University and beginning in 2007, led the drive to merge Polytechnic and NYU, resulting in the historic 2008 agreement of affiliation between two of New York City’s most important educational establishments.
Prior to joining Polytechnic University, I was the Dean of the Wesley J. Howe School of Technology Management and Professor of Management at Stevens Institute of Technology and from 1997 to 2000, I served as Under Secretary of the Navy, the Department’s number two civilian leader.
NYU’s Role in Attracting Talent to NYC is Essential to NYC’s Future
In the past 60 years, we have seen NYC lose major magnets of talent to its detriment. For example: AT&T labs and the telecomm research industry, gone! Pfizer labs and the pharmaceutical research industry, gone! Manufacturing across the City, almost gone!
Because “Talent is the oil of the 21st Century,” NYU’s continued growth is essential to NYC’s transformation as a magnet for talent. NYU’s plans under review today in Greenwich Village – along with its plans throughout New York City – are essential to NYU’s growth and success.
What NYU and Polytechnic Institute of NYU are doing together to attract talent to NYC
First, in 2008, NYU and Polytechnic University entered into an affiliation agreement and committed to working towards a full merger. This is a great partnership for both institutions, for Brooklyn, and for New York City.
Second, NYU views Polytechnic and Brooklyn and other locations in NYC as platforms for further education and research growth
Third, in the future, we will move additional academic functions to Brooklyn as it such moves make academic and financial sense
As you can see, NYU and NYU-Poly are actively developing new academic, research and economic development space not only at Washington Square but also at new locations throughout NYC such as Downtown Brooklyn, DUMBO, the 1st Avenue Medical Corridor, and Hudson Square.
Thank you – and I will be glad to take questions.