Google's NewYork Office
Google CEO Larry Page announced today that Google will allocate 22,000 square feet of its New York headquarters to CornellNYC Tech for free, while the university completes its campus on Roosevelt Island. He was joined by New York City Mayor Michael R. Bloomberg, Cornell President David Skorton and Technion’s Director Craig Gotsman at a press conference this morning at Google New York. The space will allow Cornell to build its presence in New York in close proximity to the tech companies and entrepreneurs with whom it will collaborate. This arrangement represents Google, Cornell, Technion and the City of New York’s commitment to educating and developing tech talent in New York City.
I think Google wants to invest in Silicon Alley. But when comparing 2011 numbers to 2010 numbers, VC investments in New York are rising 64.3 percent in terms of dollars and 10.2 percent in terms of deals, while investment in California is only rising 24.4 percent in terms of dollars and 5.0 percent in terms of deals (as shown in this post via VentureBeat).
Cornell's proposed campus on Roosevelt Island. Copyright Cornell University.
Google is giving Cornell 22k square feet of office space on July 1, 2012. The free lease will last for 5 years, 6 months, or until Cornell’s Roosevelt Island campus is completed. Google has provided the university with the option to expand the space that it uses up to 58,000 square feet over the course of its time there.
