NEW YORK \u2013 Mayor Zohran Kwame Mamdani, Deputy Mayor for Economic Justice Julie Su and New York City Economic Development Corporation (NYCEDC) President and CEO Anthony Shorris today announced the city will award $29.2 million to New York University (NYU) to establish a cutting-edge Quantum Fabrication Facility (QFab), putting New York City at the front of the emerging quantum technology field. As part of the Mamdani administration\u2019s investment, the city will receive board seats at QFab as well as a stake in new technologies that emerge from QFab, a first-of-its-kind agreement that will allow the City to help shape this emerging technology for the public good.<\/p>\n
QFab \u2014 which is backed by an additional $255 million investment from NYU spanning construction and 10 years of operations \u2014 will give researchers, students, start-ups and established companies access to specialized equipment for building and testing new quantum devices. It is expected to support more than 100 companies and reach 35,000 New Yorkers in its first 10 years of operation.<\/p>\n
Additionally, to grow the number of New York City jobs in the quantum field, NYU will provide students at the City University of New York (CUNY) and New York City Public Schools (NYCPS) with access to state-of-the-art labs, training, new certificate programs and summer workshops.<\/p>\n
Altogether, today\u2019s announcement represents a historic investment by the Mamdani administration in the future of New York City\u2019s economy and helps set a new national model for economic development for the public good.<\/p>\n
\u201cRight now, at subatomic levels that we can only glimpse, new technologies are being developed that will transform how we fight disease, store energy, and exchange information. We want those technologies, investments and jobs to be created here in New York City \u2014 and we want New Yorkers to have a say and a share in their success. With this new quantum lab, we are bringing that vision to life,\u201d said Mayor Mamdani. \u201cThis first-of-its-kind agreement will give the city board seats to shape the future of the quantum industry and a stake in the new technologies that emerge from the lab, making sure that all New Yorkers see the profits and progress from quantum technology, not just the wealthy few. We are building a city where economic justice doesn\u2019t come at the expense of innovation.\u201d<\/p>\n
\u201cWhen the public invests in a new technology at the start, the public should share in the success. With this agreement, we are setting a new standard for economic development in our city. This is exactly what we mean when we say economic justice and economic growth go hand in hand,\u201d said Deputy Mayor Su. \u201cTechnology is not something that just happens to us. When the City invests in emerging industries, it also gives us the power to shape what that technology is developed for. We are excited to work with NYU to create good jobs for New Yorkers to the benefit of New Yorkers.\u201d<\/p>\n
\u201cNYU\u2019s QFab is exactly the kind of economic development investment New York City should be making, bringing together government, universities and industry to turn breakthrough research into real-world opportunities,\u201d said NYCEDC President & CEO Shorris. \u201cQFab will drive economic growth by helping create new companies, good-paying jobs and career pathways while ensuring the public shares in the intellectual property and economic value it generates. By investing in the infrastructure, partnerships, and talent that emerging industries need to grow, we\u2019re strengthening New York\u2019s innovation economy and ensuring more New Yorkers benefit from its success.\u201d<\/p>\n
\u201cThis announcement is a powerful example of what can happen when higher education, government, and industry work together to invest in the future. This initiative builds on CUNY’s ongoing efforts to bring emerging technologies into the classroom and connect our students to high-growth careers,\u201d said CUNY Chancellor F\u00e9lix V. Matos Rodr\u00edguez. \u201cBy expanding access to world-class quantum facilities, training programs, and research opportunities, we are ensuring that the benefits of this technological revolution reach communities across New York City. Together with NYU and our partners in government and industry, we are helping make New York a premier quantum technology hub and a model for innovation in service to the public good.\u201d<\/p>\n
\u201cThe New York City region is home to one of the\u202flargest concentrations of quantum scientists and engineers in the world.\u202f770 Broadway\u202fwill be the catalyst for new discoveries that\u202fpropel us to the next level.\u202fWhat will make our new quantum facility truly unique is how connected it will be with the city around it. Through our partnership with the City, thousands of CUNY students will train alongside our NYU students on cutting-edge equipment\u202fand build their research careers in one of the fastest growing scientific fields. New York City-based start-ups and companies will have access to cutting-edge fabrication and materials found in few other cities,\u201d said NYU President Linda Mills. \u201cThis is going to be the launchpad for an entire new industry with enormous opportunities for New Yorkers.\u201d<\/p>\n
“Quantum won’t be built by any one institution working alone,\u201d said Dr. Juan de Pablo, NYU\u2019s Executive Vice President for Global Science and Technology, and the Executive Dean of the NYU Tandon School of Engineering. \u201cQFab brings research, industry, and hands-on training together under one roof to create one of the most advanced fabrication facilities in the nation. Importantly, this is a facility that will fuel job creation not only for those with advanced degrees, but for technicians, fabricators, and engineers at all levels that this field demands. This is our chance to make sure that as the quantum industry takes shape, it takes shape here, so the NYU and CUNY students training in our labs today can forge careers right here in New York, tomorrow. The quantum future is coming whether New York builds it or not. Today we make sure it\u2019s built here in New York City, by New Yorkers from all five boroughs.”<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK \u2013 Mayor Zohran Kwame Mamdani, Deputy Mayor for Economic Justice Julie Su and New York City…\n","protected":false},"author":2,"featured_media":373293,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[9,56,63,65,64],"class_list":["post-373292","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/373292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=373292"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/373292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/373293"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=373292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=373292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=373292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}