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                <text>Polytechnic Institute's main campus is strategically located in the heart of Brooklyn at the MetroTech Center, an urban academic-industrial research park. Situated between Flatbush Avenue Extension and Jay Street, the campus is near Brooklyn's Civic Center, including Borough Hall and various courts, and is adjacent to the vibrant Brooklyn Heights neighborhood. Accessibility is enhanced by the Jay Street–MetroTech subway station, which connects the area to the rest of the city via multiple subway lines.&#13;
&#13;
MetroTech Center is recognized as the nation's largest urban academic-industrial research park. Its development in the late 20th century was pivotal in the revitalization of Downtown Brooklyn. This area, once marked by outdated infrastructure, was transformed into a bustling hub for technology and innovation, thanks to the foresight of George Bugliarello, a professor and later the president of Polytechnic. His vision in the 1970s to establish a research and development center akin to California's Silicon Valley eventually led to the creation of MetroTech in the 1990s.&#13;
&#13;
The development of MetroTech was not without controversy, involving the demolition of over 100 homes and 50 businesses. Despite these challenges, the project emerged as a cornerstone for economic development, attracting major companies like Morgan Stanley, the Securities Industry Automation Corporation (SIAC), and Brooklyn Union Gas. The presence of these companies not only fortified the area's infrastructure but also provided significant opportunities for collaboration and employment for the institute's students and graduates.&#13;
&#13;
Today, MetroTech Center blends academic facilities with commercial spaces, creating a dynamic environment that supports both educational and professional growth. The center includes Brooklyn Commons Park, a 3.5-acre public space that hosts a variety of community and cultural events, enriching the social landscape for students and residents alike. This transformation from a traditional campus to a comprehensive urban academic-industrial complex exemplifies the institute's commitment to integrating education with practical industry experience, aligning closely with the evolving needs of its community and the broader tech industry.&#13;
&#13;
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                <text>The MetroTech Center in Downtown Brooklyn attracted several major companies, particularly from the financial and technology sectors.&#13;
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.&#13;
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.&#13;
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.&#13;
4. Bear Stearns &amp; 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.&#13;
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.&#13;
&#13;
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:&#13;
&#13;
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.&#13;
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.&#13;
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.&#13;
Bear Stearns &amp; 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.&#13;
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.&#13;
   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.</text>
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                <text>June 22, 1997</text>
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                <text>John Holusha</text>
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