NYC Officials Announce Nyu 30 Million Investmen
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EDC's Tony Shorris once ran all of NYC as First Deputy Mayor!
Before leading NYC's Economic Development Corp., Shorris served as First Deputy Mayor under Mayor de Blasio (2014–2017) — effectively NYC's chief operating officer, overseeing roughly 300,000 city employees.
NYU's Ted Rappaport proved millimeter-wave 5G worked — in 2012!
Rappaport's NYU WIRELESS lab showed mmWave signals could carry data through city streets, defying industry skeptics. Carriers then invested billions in 5G networks built on his findings.
Quantum computing could generate $450B in value by 2040!
McKinsey projects quantum tech could unlock $450B in value by 2040 — making NYC's $30M NYU investment an early strategic bet on one of tech's most lucrative emerging sectors.
Topic poll · all networksWhat will NYC's $30M quantum investment deliver first?
NYC's Cornell Tech bet of ~$100M now generates $1.9B/year.
NYC's applied sciences campus on Roosevelt Island opened in 2017 after a competitive city bid. The model: public tech investment yields long-term returns — the same logic driving today's quantum sensor announcement.
