Tech Becoming a Major Player in the NYC Economic Scene

Geo Beats
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Experts are saying that the tech industry is claiming one of the big player spots in New York City’s economic landscape.

New York City – an urban powerhouse built on the shoulders of finance, media, and real estate.

Now, experts are saying that the tech industry is claiming one of the big player spots in the city’s economic landscape.

In a study funded by Mayor Michael Bloomberg’s philanthropic foundation, New York’s success in launching its own tech start-up scene was both celebrated and examined.

Of particular note was that the tech boom was key in pulling New York out of the grips of the recession much more quickly than anyone anticipated.

One expert commented that while in the last decade the industry was about infrastructure, now it’s branching out into seeking creative content.

New York, he said, was in a prime position to fill that need as it arose.

The bottom line is that the tech and information industry is said to now be the second-largest private sector wage-payer in the metropolis.

What’s considered of utmost importance at this stage is that the specifics as to why it flourished in New York be examined.

Then, those lessons and experiences can be applied to other struggling cities like Detroit, New Orleans, and Kansas City.

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