New York City is the fastest-growing tech hub in the nation.
New York City's tech ecosystem accounts for over 291,000 jobs and over $124.7 billion in economic output. NYC's 7,500+ technology firms raised over $4.5 billion in venture funding in 2014, second only to Silicon Valley. With an 18% growth rate in tech sector jobs over the past ten years, tech in NYC is becoming an increasingly important sector in the city, with an increasing number of intersections with other industries.
For more information on tech's growth in NYC, see "The New York City Tech Ecosystem: Generating Economic Opportunities for All New Yorkers."
Fast, reliable internet connectivity is critical for companies in the twenty-first century digital economy. NYCEDC has created a number of initiatives to support the expansion of affordable high-speed commercial broadband, including:
A workforce trained in the skills of the twenty-first century is critical to New York City's success. NYCEDC is working to attract and retain top technical talent in the city.
NYCEDC has fostered an incubator and co-working space network that provides low-cost space, business services, training, and networking startups to hundreds of startups, entrepreneurs, and small businesses across a variety of sectors. Over 1,000 startup businesses and 1,500 employees have benefited from City-supported incubators and these companies have raised over $180 million in venture funding.
NYCEDC provides resources and services for entrepreneurs, students, and others seeking to navigate the tech ecosystem.