https://www.polyarchives.hosting.nyu.edu/files/original/34f70a16e413f1cabec0caf8c8f694ce.png 4147e238351a51a6e125cdd350197d9f Website A resource comprising of a web page or web pages and all related assets ( such as images, sound and video files, etc. ). Local URL The URL of the local directory containing all assets of the website https://www.nytimes.com/1997/06/22/realestate/a-dream-grows-in-brooklyn.html Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Attraction of Major Companies Description An account of the resource The MetroTech Center in Downtown Brooklyn attracted several major companies, particularly from the financial and technology sectors. 1. Chase Manhattan Bank (now JPMorgan Chase): One of the largest banking institutions in the world, Chase moved its back-office operations to MetroTech. This relocation was a significant part of the initial wave of companies moving to the center, helping to establish MetroTech's credibility as a major business hub. 2. Morgan Stanley: A leading global financial services firm, Morgan Stanley established a presence in the nearby 1 Pierrepont Plaza, which, although not part of MetroTech proper, was influenced by the development of the area. Their move helped validate Downtown Brooklyn as a viable location for major financial firms. 3. Securities Industry Automation Corporation (SIAC): Specializing in providing automated processing and communication services to the financial industry, SIAC moved into MetroTech, occupying a substantial portion of the office space. Their operations required robust data and power management, which MetroTech could provide, particularly with its separate power grid. 4. Bear Stearns & Company: Another prominent financial firm, Bear Stearns, moved some of its operations to MetroTech, contributing further to the area's reputation as a financial services center. 5. Goldman Sachs: As part of the broader influx of financial firms, Goldman Sachs also relocated some back-office functions to MetroTech, taking advantage of the lower costs and new facilities. Certainly! The MetroTech Center in Downtown Brooklyn attracted several major companies, particularly from the financial and technology sectors. Here’s a more specific look at some of the key firms that moved to the area: Chase Manhattan Bank (now JPMorgan Chase): One of the largest banking institutions in the world, Chase moved its back-office operations to MetroTech. This relocation was a significant part of the initial wave of companies moving to the center, helping to establish MetroTech's credibility as a major business hub. Morgan Stanley: A leading global financial services firm, Morgan Stanley established a presence in the nearby 1 Pierrepont Plaza, which, although not part of MetroTech proper, was influenced by the development of the area. Their move helped validate Downtown Brooklyn as a viable location for major financial firms. Securities Industry Automation Corporation (SIAC): Specializing in providing automated processing and communication services to the financial industry, SIAC moved into MetroTech, occupying a substantial portion of the office space. Their operations required robust data and power management, which MetroTech could provide, particularly with its separate power grid. Bear Stearns & Company: Another prominent financial firm, Bear Stearns, moved some of its operations to MetroTech, contributing further to the area's reputation as a financial services center. Goldman Sachs: As part of the broader influx of financial firms, Goldman Sachs also relocated some back-office functions to MetroTech, taking advantage of the lower costs and new facilities. These companies were drawn to MetroTech due to a combination of factors including modern infrastructure, proximity to Manhattan, and significant cost savings on office space compared to Manhattan. The presence of these major players was pivotal in transforming Downtown Brooklyn into a business district that could compete with more established centers in New York City. Creator An entity primarily responsible for making the resource N/A Publisher An entity responsible for making the resource available The New York Times Date A point or period of time associated with an event in the lifecycle of the resource June 22, 1997 Contributor An entity responsible for making contributions to the resource John Holusha