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GUIDING STATEMENTS
Diverse Economy
Tech is core to New York City's major industries
Access to Talent
As tech needs diversify, New York City has the breadth and depth of talent to meet that need
Growing Labor Pool
New York City produces, attracts and retains high-quality tech talent
Tech is Disrupting All Systems of Urban Life
New York City is prepared to embrace its role as "living laboratory"
Access to Capital and Entrepreneurial Resources
New York City enables tech eentrepreneurship, with capital resources and access to key market segments to test concepts
Culture of Public Support
New York City provides strong public support to strengthen the ecosystem

NEW YORK CITY TECH ECOSYSTEM DEFINITION
Tech Industries
Is this industry enabled by tech?
Does this industry primarily produce tech?

Tech Occupations
Does this Occupation directly produce tech?
Does this occupation facilitate the use of tech by others?
Would this occupation exist without the presence of tech?

While State and Federal labor data sources do not provide a formal definition for "tech jobs," in an attempt to fully account for the wide range of occupations and industries that rely on tech in today's economy, the definition used in this report uses the same methodology in the 2014 report The New York City Tech Ecosystem and includes industries and occupations that meet the above statements. 

NYC tech ecosystem jobs are distributed throughout tech and non-tech industries and occupations.

Tech jobs fall into three buckets: 1) Tech occupations in tech industries, 2) Tech occupations in non-tech industries, and 3) Non-tech occupations in Tech Industries.

TECH ECOSYSTEM GROWTH
NYC's tech ecosystem has gained 76,000 jobs in the past ten years and 39,000 jobs in the past three years.

TECH ECOSYSTEM JOB GROWTH (2006-2016)

NOTE: The 2014 report The New York City Tech Ecosystem quantified a 2013 Tech Ecosystem size of 291,000 jobs. Fluctuations in this figure are due to periodic updates in the underlying State adn Federal labor data sources that comprise the EMSI data resource. This include updates to the BLS Quarterly Census of Employment and Wages, US Census American Community Survey, US Census County and Zip Code Business Patterns, and US Census Non-Employer Statistics.

NYC's tech ecosystem has grown nearly twice as fast as NYC's overall economy and 3 times faster than the overall U.S. economy.

TECH ECOSYSTEM JOB GROWTH 2006-2016

TECH ECOSYSTEM COMPARED TO EAST COAST PEER CITIES
NYC's tech economy is 3 times the nearest peer city and has gained twice the number of tech jobs.

TECH ECONOMY JOBS (2016)

NEW YORK CITY TECH ECOSYSTEM IN 2016
The NYC tech ecosystem has grown by 39,000 jobs since 2013 (13% growth).

KEY GROWTH AREAS OF THE TECH ECOSYSTEM
NYC's tech industries contain a number of sectors relevant to core business within tech

KEY GROWTH OF TECH JOBS IN TECH INDUSTRIES
NYC tech industries have added 14,350 software engineering jobs in the past ten years.


KEY GROWTH OF TECH JOBS IN NON-TECH INDUSTRIES
NYC non-tech industries have added 2,400 software engineering jobs in the past ten years.

EXISTING CLUSTERS OF THE TECH ECOSYSTEM
While concentrated in Midtown South, there are multiple tech nodes throughout New York City.

TECH ECOSYSTEM MAJOR EXPANSIONS SINCE 2010

NYC UNIVERSITY GRADUATE TALENT
NYC attracts tens of thousands of highly educated professionals every year.

NEW YORK METRO AREA LABOR POOL ACCESS
New York's extensive regional transit system allows access to millions more workers.

Millions of riders move throughout NYC every day via rail and bus.

DEVELOPER DEGREES COMPARED TO EAST COAST PEER CITIES
Every year, NYC graduates nearly twice as many computer science majors than peer cities. 

NYC UNIVERSITY GRADUATE TALENT

CORNELL TECH | Manhattan, NY

Mission: Brings together leading faculty, business leaders, tech entrepreneurs and students in a catalytic environment to produce visionary results grounded in significant needs that will reinvent the way we live in the digital age.

  • Jacobs Technion-Cornell Institute: Translational research in a set of industry-focused "hubs" that address social and economic need.

  • Master of Laws in Law, Technology and Entrepreneurship: Legal principles and practical business applications relating to entrepreneurship, early-stage enterprise and established tech business.

  • WiTNY: In partnership with CUNY, WiTNY prepares high school girls getting ready for college, undergraduate, and graudate women to secure positions in tech industries.

Footprint:

  • 710K SF of development across 5 facilities.

  • 2M SF of development by 2043.

CUNY | New York City (All Boroughs), NY

Mission: Third-largest university system in the country that aims to provide a quality, accessible education, regardless of background or means for approximately 500,000 students in New York City's five boroughs.

  • IN2NYC: First municipal program in the country designed to help international entrepreneurs access visas so they can create jobs in the U.S. by basing their business in a CUNY incubator.

  • CUNY Tech Prep: Provides CUNY's top computer science students with industry exposure and a connection to tech jobs post-graduation

  • Tech Jobs Academy: Collaboration between CUNY, Microsoft, and the Tech Talent Pipeline to expand industry-driven technical training to un/underemployed New Yorkers.

  • Hub for Innovation & Entrepreneurship: Supports faculty entrepreneurship, creates educational and career opportunities for students, and fosters collaborations with business and industry.

Footprint:

- 11 Senior Colleges with baccalaureate degree programs.

- 7 Community Colleges that provide students with associate degree programs to prepare students for senior colleges or careers.

6 Graduate, Honors, and Professional Schools that offer more than 30 doctoral programs.

NYU CENTER FOR URBAN SCIENCE & PROGRESS (CUSP) | Brooklyn, NY

Mission: Research and education center in natural, data, and social sciences to understand and improve cities throughout the world, with a focus on applied data science & urban informatics.

Footprint: 

  • 65,000 SF CUSP space

  • 33,500 SF incubator for businesses spun off by NYU students and affiliates

Number of Students: 71 M.S. students and 19 PhD students enrolled in the 2017-2017 academic year. 215 graduated with MS degrees 2014-2017.

OTHER PROGRAMS | New York City, NY

New York City has a long history of supporting tech education and business at all levels.

  • CS4All: Through an unprecendented $81 million public-privated partnership, CS4All will ensure all NYC public school students learn computer science, with an emphasis on female, black, and Latino students. 

  • Metrotech Center: The nation's largest urban academic-industrial research park is home to businesses at all stages, and facilitates cross-industry connections.

  • NYU Tandon School of Engineering (including space at Metrotech): A 2014 engineering and applied sciences university merger which created a comprehensive school of education and research, rooted in a tradition of invention and entrepreneurship, and dedicated to furthering technology in service to society. 

ENTREPRENEURS & STARTUP FUNDING
NYC's startups concentrate in a variety of fields.

BIGGEST GROWTH INDUSTRIES FOR NYC STARTUPS (2016)

 

TOTAL VC FUNDS RAISED SINCE 2006
Since 2006, NYC has raised the most venture capital funds in the country amongst East Coast regions.

 Almost 70% more venture capital rounds have occurred in New York, compared to East Coast peer regions.

TOTAL NUMBER OF VC ROUNDS SINCE 2010

NYC ranks second in East Coast peer regions, with more than $17B in exit value.

TOTAL EXIT VALUE SINCE 2010

 EXAMPLES OF ENTREPRENEURIAL SUCCESS

 NYC IS A LIVING LABORATORY FOR NEW CONCEPTS

LinkNYC is transforming outdated payphones across New York City into 7,500 communication hubs, re-envisioning the City's existing telecommunications network and public-private franchise structure to provide for free services including:

  • Public Wi-Fi and phone calls

  • Digital access to city services and maps

  • 911 emergency button

  • USB charging port

  • HD digital displays for public service announcements, community messaging and advertising

This new communication network provides critical digital amenities across the City, is funded through advertising, and is managed by the private consortium CityBridge through a 12-year franchise agreement with the City of New York. 

The Mayor's Office of Tech + Innovation has undertaken several initiatives, and among others has:

  • Launched a $10 million initiative to bring free broadband for 3 years to 5 public housing sites, beginning with the nearly 7,000 residents at the Queensbridge Houses, the largest public housing development in North America.

  • Through NYCEDC'S annual BigApps competition, supported winning startup Vizalytics to create a mobile platform called "Mind My Business" to provide shopkeepers with targeted, hyperlocal information that could impact their business, such as changes in City code and upcoming roadwork.

  • In partnership with the Department of Sanitation, rolled out Big Belly solar compacting trash receptacles in Brownsville. Using real-time data generated by the trash receptacles, the Pitkin Avenue BID empties the compactors as needed, and DSNY collects the bags on the regular collection cycles.

  • The Mayor's Office of Tech + Innovation is working with +Pool to help understand the potential regulatory challenges to this project and navigate government bureaucracy. In addition, the office is partnering to create a digital dashboard that makes City water quality data accessible through visualizations, educating residents on the City's natural environment and addressing public health concerns for the pool.

Among other initiatives, the Applied Sciences RFP was released with the goal of expanding New York City's capacity in the applied sciences to maintain New York City's global competitiveness and create jobs. Teams were made up of institutions of higher education, research instituions, and private partners. Commitments from the city included:

  • Availability of City-owned land at a set of designated sites.

  • Up to $100M seed investment of City capital.

  • Expedited City approvals process

Among others, awardess included:

  • Cornell Tech- The City supported a proposal to build a $2B, two-million SF applied science and engineering campus on Roosevelt Island in New York City.

  • Columbia University - The City supported the creation of a new Institute for Data Sciences and Engineering, and the hiring of dozens of new faculty.

  • NYU CUSP - The City supported a consortium of world-class academic institutions and private technology companies in the creation of the NYU Center for Urban Science and Progress in Downtown Brooklyn.

TOTAL EMPLOYMENT COMPARED TO EAST COAST PEER CITIES

NYC's economy has exceeded peer cities by both the number of new jobs and the rate of growth.

TOTAL JOBS 2016

TECH SHARE COMPARED TO EAST COAST PEER CITIES
NYC'S diverse economy benefits from strengths across sectors than more concentrated peer cities. 

TOTAL TECH ECONOMY SHARE OF TOTAL ECONOMY (2016)

TECH ECOSYSTEM COMPONENT GROWTH COMPARED TO EAST COAST PEER CITIES
NYC's tech economy growth in all industries has exceeded peer cities.

ADDED TECH ECOSYSTEM JOBS BY TYPE (2006-2016)

SOFTWARE ENGINEERING JOBS COMPARED TO EAST COAST PEER CITIES
NYC's tech economy contains more than 3 times the number of software engineers than the nearest peer city.

DEVELOPER JOBS (2016)

DISTRIBUTION OF NYC ECONOMY
NYC'S economy is diverse and resilient

SHARE OF JOBS BY INDUSTRY (2016)