The Explosive Growth Of New York City's Tech Scene | Exploring Markets

The Explosive Growth Of New York City's Tech Scene

Everyone always says that Silicon Valley and San Francisco are both the technology and innovation capitals of the world.

But that is changing fast.

And mostly because of New York City, which is emerging faster than ever as a technology, innovation, and entrepreneurial incubator:
"A new study released this week by Citi, Google, and the NY Tech Meetup Association for a Better New York shows the city's high-tech ecosystem is made up of 291,000 jobs that are enabled by, produce, or facilitate technology, and generate $50 billion in total annual compensation. Tech accounts for 7% of New York's workforce, placing it just behind retail, which comprises 8% of the workforce. The study also shows New York's tech sector added 45,000 jobs over the last decade, growing by 18%." - CNN Money on the NYC Tech Economy