Emerging Tech

Building Inclusively. Driving Forward.

NYCEDC works with industry stakeholders including investors, innovators, and academics, to enrich our tech ecosystem. With a mix of big established companies and over 25,000 startups, the NYC tech sector is valued at over $189 billion and explosive growth over the last decade has propelled NYC into the world’s second-largest technology hub.

NYC's tech sector gets its strength and dynamism from these key assets:

• Talent: NYC has one of the most educated workforces in the nation, with over 4 million employed residents and 2.3 million adults with a bachelor’s degree or higher.
• Academia: NYC has more than 120 colleges and universities, including 21 accredited engineering schools at premier institutions like NYU, Columbia, Cornell Tech, and CUNY, the nation's largest urban public university.
• Jobs: NYC has a robust tech workforce, accounting for 7% of total jobs in the city. Between 2010 and 2021, the city’s tech sector added 114,000 jobs—seven times greater than the city’s overall job growth, sizing the overall NYC tech sector at over 35,000.
• Diversity: NYC is home to over 3 million immigrants speaking over 200 languages, comprising more than 40 percent of the city’s workforce. Black and Latinx workers make up 20 percent of NYC’s tech talent, a share twice as large as that of the Bay Area or Boston.
• Access to Capital: More than 300 venture capital firms are based in NYC, with more firms opening offices locally including Index Ventures and Sequoia.
• Innovation: NYC is home to more than 25,000 tech-enabled startups, which are supported by a robust ecosystem of over 200 co-working spaces and 100 accelerators and incubators.
• Anchor Industries: Home to more Fortune 500 companies than any other city in the world, NYC has long been a global leader in traditional “anchor” industries, including financial services, insurance, healthcare, media, and fashion retail and manufacturing.

With over 200 coworking spaces and 100 incubators and accelerators across the five boroughs, NYC makes it easy to find your next workspace and the resources you need to grow and scale your business. Click here to view the full map. Notice something missing? Please email [email protected].

We know that a booming technology sector doesn’t just happen overnight. That's why NYCEDC supports the local tech and venture ecosystem, offering access to resources for NYC’s diverse community of tech entrepreneurs and collaborating with venture investors to achieve diversity throughout the startup value chain.

A Leading Startup Ecosystem

NYC continues to assert its place as a leading startup ecosystem. As of May 2023, Manhattan has the most early-stage startups in the nation, edging out San Francisco, the longstanding leader in startup activity. According to data from firm Carta, as reported in Crain’s NY, Manhattan is home to 543 companies that raised a seed or series A round between March 2022 and March 2023.

Further 2022 overall saw over 4,500 NYC startups raise money across emerging tech verticals such as artificial intelligence, fintech, and cybersecurity.

Over the course of a decade, the tech sector has grown into one of NYC's most important economic engines for creating good-paying jobs. NYCEDC recognizes and works to overcome the headwinds presented by today’s challenges so that NYC can develop a more inclusive and growing tech ecosystem.