With Struggle to Create Jobs, Polytech Incubator Encourages Innovation

Friday, August 05, 2011

Economists forecast that Friday's unemployment report will show the nation's unemployment rate has not changed at 9.2 percent, with an expected figure of 90,000 jobs added last month. Congress has done little to address unemployment, infuriating voters around the nation. But, the Polytechnic Institute of New York University has an idea about lowering unemployment. The institute has teamed up with the city of New York to found an incubator that provides a physical space and money to help new businesses take off.

The Takeaway's host, John Hockenberry spent a day visiting young entrepreneurs at the Varick Street Incubator, and he speaks with Polytech president Jerry Hultin about the venture.


Jerry Hultin

Produced by:

Arwa Gunja

Comments [4]

Bill from NYC

Great interview, great work engaging students to create the new economy.

Aug. 05 2011 11:39 AM
Bill from NYC

Innovation doesn't always lead to job creation. The conventional wisdom around this jobless recovery that because of improving technology means that companies don't need as many employees. Education -- that creates jobs.

Aug. 05 2011 11:29 AM
Angel from Miami, FL

Innovation leads to job creation. Job creation doesn't always lead to innovation. Sometimes those "old" jobs have to disappear to give way to "new" jobs. Government can help (banning incandescent bulbs, increasing fuel mileage, etc.) Corporations will help once they recognize the opportunity as a viable one. But ultimately it's the individual American who has to create new opportunities or improve upon existing ones. We have to drop this "dumb hick" mentality from the early-1900s and let our intelligence shine on with pride. Imagine what we could do if encouraged to invent and innovate instead of watching shows about crab fishing or tattoos or hoarding.

Aug. 05 2011 10:42 AM

If there is a genuine interest in job creation and putting partisan politics aside for the good of the country than why not focus on Texas which leads in job creation and ask Gov. Rick Perry for his suggestions?

Aug. 05 2011 08:30 AM

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