world
JEWISH
WOMEN'S
Winning Plan
FOUNDATION
Technion, Cornell to launch NYC grad school.
Jordana Horn
Jerusalem Post
New York
A
partnership between Cornell
University and the Technion-
Israel Institute of Technology
in Haifa won a first-time competition
to launch an applied sciences graduate
school on Roosevelt Island off Manhattan,
New York City Mayor Michael Bloomberg
announced in late December.
Bloomberg joined Cornell President
David Skorton and Technion President
Peretz Lavie to announce the NYCTech
Campus.
"Thanks to this outstanding partner-
ship and groundbreaking proposal from
Cornell and the Technion, New York City's
goal of becoming the global leader in
technological innovation is now within
sight:' Bloomberg said.
Flanked by American, Israeli and New
York State flags, officials announced that
the temporary off-site campus will open
next year, and that the first phase of the
permanent campus on Roosevelt Island
will be completed no later than 2017.
The Cornell-Technion consortium was
selected, officials said, because of a vari-
ety of factors, including the track records
of the respective institutions and the
large-scale vision of their proposal.
"Together, we have the means, inge-
nuity and will-power to make our world
a better place by joining with Cornell
University and the great people of New
York City for this innovative new center
of learning and enterprise Lavie said.
After receiving its accreditation, the
campus will offer innovative Technion-
Cornell dual master of applied sci-
ences degrees, among other graduate
degrees.
The campus also will serve as a
veritable hub for technology-related
business opportunities in New York by
hosting entrepreneurs-in-residence,
organizing business competitions, pro-
viding legal support for startups and
forming research partnerships.
The NYCTech Campus will create a
$150 million revolving financing fund
devoted only to startup businesses.
The Cornell-Technion proposal beat
out other university teams including
Stanford, NYU, Columbia and Carnegie
Mellon to win the right to free land and
$100 million of city subsidies for infra-
structure improvements.
Bloomberg predicted such a cam-
pus would generate up to $6 billion
in economic activity by creating up to
400 new companies and thousands of
permanent jobs in its first 30 years of
existence. Projections are now for it to
spur on 600 new companies. ❑
ROCKIN' THE D CONTINUED FROM PAGE 1
heart of Downtown Detroit's growing
constructed in 1891. The six-story
technology district.
building will offer street-level retail
"We are more committed than ever
with offices or residential units above.
to creating an environment where
The Lane Bryant building, 1520
more and more businesses and their
Woodward, was built in 1917 and fea-
tures nearly 45,000 square feet of space. employees will call Detroit their home
said Gilbert, also majority owner of the
Once renovated, it will house retail on
National Basketball Association's
the ground floor and office
Cleveland Cavaliers. "In fact, in
space above.
we will put on a full-court-
2012,
The Arts League of
press
to
recruit many of the
Michigan building, 1528
brightest and best businesses as
Woodward, is a six-story
well as exciting startup compa-
43,000 square-foot structure
nies to Downtown:'
built in 1915. It is expected to
Rock Ventures LLC is an
offer retail and office space.
umbrella entity formed to pro-
These three purchases cap
vide operational coordination,
a yearlong drive to acquire
Dan Gilbe rt
guidance and integration of
and renovate buildings in
Gilbert's portfolio of companies, invest-
the heart of Downtown.
Since the beginning of 2011, Gilbert's ments and real estate.
His current real estate investments
real estate arm has purchased seven
are managed by Bedrock Real Estate
properties, including the M@dison
Services — a joint venture formed in
Theatre Building, Chase Tower, First
late 2010.
National Building and Dime Building.
Jim Ketai, Bedrock's managing
Another building, at 1550 Woodward,
is under contract for purchase. In addi- director, said, "We've been able to both
acquire and redevelop new properties
tion, the group has purchased three
parking structures and one parking lot. at breakneck speed this year, opening
the doors for many companies to move
Gilbert's holdings account for more
downtown in 2011, with an increasing
than 1.8 million square feet of space
number in the works for 2012." P1
and nearly 2,750 parking spaces in the
MOMBEIMMENN
Enhomine ifie Lim of Jewish Women
Announcing the
Jewish Women's Foundation's
2012 Grant Cycle
The Jewish Women's Foundation of Metropolitan Detroit
is pleased to announce that it is now accepting requests
for funding in 2012.
Letters of Intent are due no later than
noon on February 1, 2012.
For the grant guidelines, instructions and forms,
please visit our website:www.jewishdetroitorg/jwf
and click on 2012 Grant Guidelines and Instructions
or contact Helen Katz, Director
Katz@jfmd.org or 248.203.1483
The Jewish Women's Foundation ofMetropartan Detroit is dedicated to expanding opportunities
and enriching the lives of Jewish women and girls through strategic grant making and education.
The Foundation empowers its Trustees as philanthropists, social advocates and leaders.
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January 5 2012
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