New York to invest in the local media industry
Posted by Simon Day on July 8, 2009 at 12:44 PM
New York City mayor Michael Bloomberg on Tuesday revealed plans to significantly expand the city's media base over the next 10 years, the Wall Street Journal reported on Tuesday. The program is set to include a research lab, digital-media apprenticeships, a technology-equipment bond program and is aimed at creating 8,000 new media jobs in New York.
"There are lots of great cities out there," he said at a press conference at the local headquarters of IAC. "We've got to make sure people understand there's a reason to grow, locate, stay in New York City."
"There are lots of great cities out there," he said at a press conference at the local headquarters of IAC. "We've got to make sure people understand there's a reason to grow, locate, stay in New York City."
The proposed 'NYC Media Lab,' will collaborate media research from universities and businesses and the 'Jumpstart New Media' program will be a 10 week training ground for the transition of media employees associated with mid-level traditional-media into new-media outlets and technologies.
A bond program will help facilitate the technological development of the older media buildings in New York through $1 to $10 million grants.
Mr Bloomberg spoke of the importance of the media industry to the city describing it as one of New York's signature industries. However, he said that new-media entrepreneurs were often too quick to bypass New York as a starting point. "We are determined to change that," he said.
Dina Kaplan, co-founder of video provider Blip.tv, is excited about the potential for investment in the New York Media industry.
"For too long in New York City, the smartest businesspeople have joined large companies rather than starting them, as they often do in California," she said. "I very much look forward to the day when a San Francisco entrepreneur is asked, 'When are you moving to New York City?'"
A bond program will help facilitate the technological development of the older media buildings in New York through $1 to $10 million grants.
Mr Bloomberg spoke of the importance of the media industry to the city describing it as one of New York's signature industries. However, he said that new-media entrepreneurs were often too quick to bypass New York as a starting point. "We are determined to change that," he said.
Dina Kaplan, co-founder of video provider Blip.tv, is excited about the potential for investment in the New York Media industry.
"For too long in New York City, the smartest businesspeople have joined large companies rather than starting them, as they often do in California," she said. "I very much look forward to the day when a San Francisco entrepreneur is asked, 'When are you moving to New York City?'"
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