Cornell Tech is a graduate school and research center of Cornell University located on Roosevelt Island, Manhattan, New York City. It offers programs in technology, business, and design, and includes the Jacobs Technion-Cornell Institute, a partnership between Cornell University and the Technion-Israel Institute of Technology. Cornell Tech arose from an economic development initiative of Michael Bloomberg's mayoral administration in 2008. The initiative sought to attract another engineering school to the city in the hope that it would produce entrepreneurial engineers who would in turn start job-creating companies. Seven bids were submitted for the competition, with the administration ultimately selecting Cornell/Technion's bid. As proposed, Cornell Tech would create 28,000 jobs, including 8,000 for academic staff. It would also be able to create 600 companies, leading to $23 billion in economic benefits and an additional $1.4 billion in taxes, during its first three decades of operation. Cornell Tech began operations in 2012 at a temporary site, the New York City offices of Google at 111 Eighth Avenue in the Chelsea neighborhood of Manhattan, while a permanent campus was under construction. The Roosevelt Island campus's 5-acre (2.0 ha) first phase opened on September 13, 2017. By 2037, the full campus is expected to span 12 acres (4.9 ha). From Wikipedia
