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:
- Connect IBZ: Program to create four commercial broadband networks in some of the city's Industrial Business Zones: Southwest Brooklyn, Greenpoint-Williamsburg, North Brooklyn, and Long Island City.
- NYC Broadband Map: Interactive online map showing the availability of broadband service in NYC's commercial buildings. Businesses can find well-connected office spaces on the Map or request service to their location directly through the Map.
- WiredNYC: A rating system for connectivity in commercial buildings. Allows businesses to make informed relocation decisions and allows property owners to showcase best-in-class connectivity.
- Wireless Corridors: Four free public wireless networks in Manhattan and Brooklyn. Implemented in partnership with the Alliance for Downtown NY, Flatiron 23rd St. Partnership, Downtown Brooklyn Partnership, and Brooklyn Academy of Music.
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.
- NYC Tech Talent Draft: Through online and in-person events on campuses and in NYC, NYCEDC helps connect talented students with tech companies who are hiring.
- Applied Sciences NYC: The establishment of top-tier and applied sciences and engineering campuses in NYC will dramatically increase our potential for economic growth. Applied Sciences campuses include Cornell Tech on Roosevelt Island, NYU's Center for Urban Science and Progress, Columbia's Institute for Data Sciences and Engineering, and Carnegie Mellon's Integrative Media Program.
- NYC Generation Tech: A tech-entrepreneurship program that provides hands-on learning experiences and mentorship opportunities to NYC high school students interested in transforming the world through tech-based innovations.
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.