Tech Economy

Building Inclusively. Driving Forward.

Over the past decade, New York City has cemented itself as one of the world-leading tech capitals. The tech sector has grown into one of NYC's most important economic engines, creating family-sustaining jobs, supporting entrepreneurs, and driving innovation for businesses and communities through a robust startup and venture capital ecosystem. At the same time, ensuring equitable access to these opportunities is critical to sustaining long-term growth and economic resilience.

NYCEDC is committed to building an equitable, globally competitive tech ecosystem where all New Yorkers can participate as workers, owners, and beneficiaries. By expanding access to training, jobs, capital, and innovation, NYCEDC strives to harness tech as a powerful pathway to economic mobility and shared prosperity across the five boroughs.

Priorities

• Build a globally competitive, connected, and resilient tech ecosystem
• Build a skilled and representative tech workforce by creating pathways to jobs, career advancement, and long-term economic stability
• Expand ownership opportunities for underrepresented founders
• Invest in accessible infrastructure that enables tech companies and workers to train, create, and scale their operations

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

• Talent: Over 500K recent grads, 500K current college students, and ~467K New Yorkers ages 25+ with a bachelor’s degree or higher in a STEM field
• Academia: 100+ higher education institutions, including 21 accredited engineering schools across CUNY, NYU, Columbia, Cornell Tech, and more
• Jobs: NYC’s tech workforce represents 7% of total jobs in the city, with 114K jobs added between 2010 and 2021, 7x the city’s overall job growth during the same period
• Diversity: Over 3 million immigrants, 200+ languages, and Black/Latinx workers making up 20% of NYC tech talent, 2x the Bay Area or Boston
• Capital: Financial capital of the world with more than 1,200 active investment firms
• Innovation: Over 25K tech-enabled startups, 200+ co-working spaces, and 100+ accelerators/incubators
• Industries: Home to the most Fortune 500s in the US and global leader in “anchor industries" including finance, healthcare, media, fashion, and more

In addition to broader tech-sector programs, NYCEDC supports workers, founders, and communities across the five boroughs through intentional investment in the following high-growth and high-opportunity tech subsectors: