NYC Economic Development Corporation Launches Dedicated Space for Urban Tech

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GCTYesterday at Grand Central Terminal, Deputy Mayor for Housing and Economic Development Alicia Glen, New York City Economic Development Corporation (NYCEDC) and Grand Central Tech (GCT) announced the launch of the Hub @ GCT, a 50,000 square foot space dedicated to urban tech.
 
The Midtown Manhattan space will host growth-stage companies working in the urban tech sector. Earlier this year, NYCEDC announced its partnership with New Lab and Grand Central Tech to create Urban Technology Growth Hubs in Brooklyn and Manhattan, respectively. The hubs are key aspects of the City’s Urban Tech NYC initiative, which offers space, equipment, pilot opportunities, and shared resources to companies addressing New York City’s most pressing urban challenges.

“Our partnership with Grand Central Tech is a win-win, helping develop innovative companies that are both creating good jobs and finding solutions to some of the biggest challenges facing cities today,” NYCEDC President Maria Torres-Springer during the launch event. “We’re excited to welcome the Hub @ GCT to our UrbanTech NYC team as we continue to grow a vibrant 21st century economy in New York City.”

The Urban Tech Growth Hubs will activate approximately 100,000 square feet of flexible and affordable space, and provide dedicated resources for fast-growing clean-tech and smart cities companies that have outgrown business incubators, accelerators and other early-stage programs.