Monday, September 30, 2013

Watch out, Wall Street: report says tech is now NYC's second-largest sector


New York City’s economy has traditionally been dominated by finance, real estate, and media. But tech may be taking hold as a staple of the private sector, according to a new report, "Building a Digital City: the Growth and Impact of New York City’s Tech / Information Sector," commissioned by Mayor Michael Bloomberg’s private foundation. The study gives some clues as to how New York pulled off what many other cities are desperately attempting to do: invent a tech startup scene.


Rapid job growth has made the city’s tech and information industry the second-largest contributor to the private sector economy by wages, according to the study. The tech sector is also booming in the outer boroughs of Brooklyn and Queens, while the...


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via The Verge - All Posts http://www.theverge.com/2013/9/30/4784088/bloomberg-tech-summit-study-says-new-york-city-tech-is-booming

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