New York, the next Silicon Valley?

New York doesn't have a reputation as being a geeky city, but perhaps it's time that it did. According to a report by the...

New York doesn't have a reputation as being a geeky city, but perhaps it's time that it did. According to a report by the Industrial and Technology Assistance Corporation - New York is one of the hottest tech markets around. This is interesting news for agencies that open offices in, say, San Francisco or Boston to be closer to the silicon action. But no need to close those offices yet, New York has a long way to go before it is ready to embrace its hidden tech economy, the report says.

Here are some highlights:
The New York metropolitan statistical area (MSA) is the nation’s largest center of high-technology employment. Our region employs close to 620,000 people in technology jobs. In addition, as of 2003, the New York MSA had 2.47 times as many jobs in high-technology industries as the best known tech center in the country— Silicon Valley (the San José region)—and almost twice as many as the Boston MSA.

But:
New York City’s high-tech sector is robust but fragmented and hidden. It is, therefore, dwarfed by the sheer size of other sectors within our economy. Much to our disadvantage, we simply haven’t recognized the city’s potential as a technology leader, and because we do not see ourselves as a technology leader, we do not behave as one.

The report goes on to list recommendations for the city to better position itself as a tech leader. Silicon Island, perhaps?

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.