Tuesday, September 23, 2014

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Officials Applaud Expansion Of Facebook's NYC Team

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Executives at Facebook said Friday that they plan to expand their presence in New York City, and some top elected officials came along for the announcement and touted the move as a major milestone for the city’s economy. NY1’s Bobby Cuza filed the following report.

Mayor Michael Bloomberg said the writing is on the wall—the Facebook wall, that is.

On Friday, the company announced an expansion in New York. According to Bloomberg, it's another sign of the city’s arrival as a tech heavyweight.

“The smartest thing tech and social media companies can do is to move to New York City and get tied into our growing tech community right now,” said Bloomberg.

Headquartered in California, Facebook opened a New York office in 2007 that’s now home to about 100 employees. Beginning early next year, it will add an engineering team here, its first outside the West Coast.

“The fact that a company like Facebook is locating engineers here says that we have turned the corner,” said Senator Charles Schumer.

“We said, where else can we go in the world to find the smartest, most entrepreneurial engineers in the world? We did a pretty detailed analysis and looked around and decided the best place by a large margin would be New York City,” said Mike Schroepfer, Facebook’s vice president of engineering.

Bloomberg said the announcement came the same day applicants were being interviewed in a city competition to build a high-tech campus here.

Stanford and Cornell are thought to be leading contenders, though five of the original seven applicants are still in the running.

“Bottom line is, New York City is the intellectual capital of the country, I would argue even the world. This is where things are happening. And that’s why you see universities wanting to move here, that’s why you see companies wanting to move here,” said Bloomberg.

Facebook is now accepting applications from engineers, but company officials wouldn’t say how many jobs they plan to add here at their Madison Avenue offices, just that they want to hire as many high quality engineers as possible. As for recent reports that the company may be planning to go public as soon as next spring, company officials had no comment.

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