Growth Industries

When people think about New York, a lot comes to mind. Wall Street. Media. Skyscrapers. Real estate.

And it’s true that New York is the finance and media capital of the world. But it’s so much more than that. This is a highly diversified economy, with the talent, space, and access capital for businesses in any sector to thrive. While New York’s legacy sectors have continued to play a vital part in the city’s economic successes, emerging sectors like Tech, Life Sciences, and the Green Economy are contributing to an increasingly competitive, resilient economy.

Emerging Technology

New York City is home to the world’s second-largest startup ecosystem. We are the world’s capital for Applied Artificial Intelligence, built on the strength of the city’s leadership in legacy industries, such as finance and healthcare. And it’s no secret why: NYC offers the ingredients that tech companies of all sizes need to thrive.

To learn more about opportunities in emerging technology, contact Maleeka Zainab, Project Manager on the NYCEDC Business Development team.

Tech By the Numbers

By The Numbers

$621B

Value of the NYC tech ecosystem

By The Numbers

25K

Tech-enabled startups

By The Numbers

40K

AI skilled workers in NYC region

By The Numbers

1,200

Venture Capital firms

By The Numbers

AI unicorns

By The Numbers

Global leader in Applied AI

By The Numbers

$621B

Value of the NYC tech ecosystem

By The Numbers

1,200

Venture Capital firms

By The Numbers

25K

Tech-enabled startups

By The Numbers

AI unicorns

By The Numbers

40K

AI skilled workers in NYC region

By The Numbers

Global leader in Applied AI

Tech Business in NYC

The image shows the glass entrance of the Forty One Madison building, with people walking on the sidewalk nearby and a round bench with greenery in front. Trees partially frame the right side of the scene.

Shark Ninja: Established 14,000-SF office and creative design hub in Manhattan

Modern office building with large glass windows and rooftop greenery, lit up at dusk with a city skyline and colorful sunset in the background. Cars and streetlights line the road in front of the building.

Queen One: Building new 30,000-SF Brooklyn headquarters, creating 600 full-time tech jobs

Modern, bright office space with large windows, several desks with computers, ergonomic chairs, and a view of city buildings and water towers outside. Indoor plants add greenery to the clean, minimal decor.

^{(Image: Benhar Office Interiors)}
Eclipse Ventures: Opened first office outside of Silicon Valley in Manhattan’s SoHo neighborhood

Life Sciences

New York City is rewriting the future of life sciences. With a dynamic ecosystem built on world-class academic institutions, top-tier hospitals, and a thriving tech ecosystem, NYC is quickly emerging as a global leader in life science innovation. These existing advantages are supercharged through NYCEDC’s LifeSci NYC program, a $1B+ City investment to spur new research, create new infrastructure, and fuel a diverse talent pipeline.

To learn more about opportunities in the life sciences, contact Youcif Almegaryaf, Director of Investor Engagement on the NYCEDC Business Development team.

Life Sciences by the Numbers

By The Numbers

Academic medical centers

By The Numbers

12+

Incubators and accelerators

By The Numbers

720

R&D stage companies

By The Numbers

20K

Life sciences industry jobs

By The Numbers

$1B+

Annual VC investment

By The Numbers

$2.75B+

Annual NIH funding

By The Numbers

Academic medical centers

By The Numbers

20K

Life sciences industry jobs

By The Numbers

12+

Incubators and accelerators

By The Numbers

$1B+

Annual VC investment

By The Numbers

720

R&D stage companies

By The Numbers

$2.75B+

Annual NIH funding

Life Sciences in NYC

A man wearing a robotic exoskeleton suit is assisted by a woman in a modern indoor space, with a neon sign of a walking figure on the wall and large windows showing cars outside.

Wandercraft: The French robotics company opened its US headquarters in the Cure innovation campus for life sciences in 2023

A scientist in a white lab coat and black gloves works with lab equipment and test tubes at a bench near large windows in a laboratory setting.

Imprint Labs: The forensic immunology organization recently secured $15M to scale its operations in NYC, supported in part by the LifeSci NYC Expansion Fund

Pedestrians on the sidewalk of a street in Midtown Manhattan, passing Pfizer's headquarters building, with the company name in close-up on an external wall of the building.

Pfizer: The leading pharmaceutical company opened its new global headquarters in The Spiral skyscraper in Manhattan’s Hudson Yards

Green Economy

New York City’s green economy will host nearly 400,000 jobs by 2040, becoming the anchor of a prosperous, equitable, and just future for New Yorkers. Guided by the City’s Green Economy Action Plan, NYC’s green economy initiatives span from developing programs that accelerate climate innovation to supporting the growth of renewable energy such as offshore wind and energy storage. The city is building physical infrastructure to enable the growth of the green economy and supporting workforce and business development opportunities that enable a just green transition.

To learn more about opportunities in the life sciences, contact Lia Manos, Senior Project Manager on the NYCEDC Business Development team.

NYC’s Green Economy by 2040

By The Numbers

400K

Jobs

By The Numbers

$56B

Annual earnings

By The Numbers

$89B

Annual contributions to NYC GMP

By The Numbers

400K

Jobs

By The Numbers

$56B

Annual earnings

By The Numbers

$89B

Annual contributions to NYC GMP

Green Economy Companies in NYC

Three people sit at a table in an office, examining and pointing at locations on a large map spread out in front of them. A blue hard hat sits nearby, and large windows let in natural light.

NineDot Energy: The battery storage company moved to Brooklyn’s Urban Future Lab to take advantage of the city’s unmatched scale and opportunities for green tech entrepreneurs

A modern, sleek hydrofoil ferry labeled Artemis glides above the water, supported by submerged foils, against a calm sea and clear sky background.

Artemis: The Northern Ireland clean maritime technology company set up in the Brooklyn Navy Yard, opening access to NYC’s waterfront and partnership opportunities

Aerial rendering of South Brooklyn Marine Terminal with large cranes, cargo ships docked, and rows of wind turbine blades and components stored on the docks, adjacent to modern buildings and parked vehicles.

Ventus Energy: The UK-based high voltage specialist opened an office in Brooklyn’s Industry City, near the South Brooklyn Marine Terminal—a hub for NYC’s offshore wind innovation