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PRESENTATION

Introduction to SPARC Kips Bay project and overview

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Cecilia Kushner, Chief Strategy Officer at NYC Economic Development Corporation, introduces the SPARC Kips Bay project as a generational, first-of-its-kind education, workforce, and industry hub. The project is a partnership between New York State and New York City, with significant funding commitments.

Announced in fall 2022
$1.6 billion in public funding from city and state
Expected to leverage over $2 billion in private investment

Cecilia Kushner

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Good morning.

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I'm chair Riley, council member Powers, and member of the zoning and franchise subcommittee.

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My name is Cecilia Kushner, and I am the chief strategy officer at the Economic Development Corporation.

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And I'm very pleased to be presenting the Science PARC and Research Campus, also known as PARC Keeps Bay project today as part of our ULIP application.

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And I'm joined by Julian Herskowitz from EDC and a number of my colleagues from city agencies and CUNY.

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Next slide, please.

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SPARC Keeps Bay is a generational project.

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It is a first of its kind education, workforce, and industry hub made possible through an unprecedented partnership between New York State and New York City.

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The project was announced in the fall of 2022 with the city and the state putting together $1,600,000,000 of funding into SPARC, which will leverage more than $2,000,000,000 of private investment on the campus.

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Next slide, please.

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Council Member Keith Powers' remarks on SPARC Kips Bay Life Sciences Campus proposal

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Key partners and components of SPARC Kips Bay