NYU-Poly Incubators Show Benefits in Economic Impact Study
In the past four years, NYU-Poly has launced three new business incubators. These programs aim their focus on economic development by providing small businesses with office space and services. An economic impact study (EIS) released by NYU-Poly on the influence of their business incubators was the highlight of Patrick Clark’s “The New Entrepreneur” article in Bloomberg Businessweek.
The article notes that, combined, the three programs generated $251 million in economic activity since 2009, including $31 million in city, state, and federal tax revenue. Also worth noting, as per the article:
“Another achievement, says Micah Kotch, director of innovation and entrepreneurship at NYU-Poly, is that roughly 350 students have found internships at incubator companies: “If you think about what differentiates an experience in higher education during a time of new massive online open courses—the opportunity for kids to get their hands dirty could be one of those things.”
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