Silicon Alley build a US$2 billion graduate school of applied sciences on Roosevelt Island, with the goal of transforming New York City into the world's premier technology capital. As of 2013, Google's second largest office is located in New York. Verizon Communications, headquartered at 140 West Street in Lower Manhattan, was in 2014 in the final stages of completing a US$3 billion fiberoptic telecommunications upgrade throughout New York City. This revival was not restricted to Lower Manhattan, but was spread throughout New York City. Hence "Silicon Alley" has been considered by some observers to be an obsolete term. Silicon Alley Silicon Alley,
Silicon Slopes Lake City would be one of the next places to receive Google Fiber. Construction is currently ongoing, but significant progress has been made, and residents and businesses will soon be able to sign-up for lightning-fast internet service. Requests for business permits in the area have drastically increased in response to the soon-to-be-available service. The State of Utah has offered a variety of incentives to encourage large tech companies to call Utah home, and the Silicon Slopes uprising would suggest that these perks have been motivating. The Utah Governor's Office of Economic Development allows a variety of grants and tax incentives