New York City’s STEM Ecosystem

Following the 2008 financial crisis and the Great Recession, New York City has diversified its traditional economic base, shifting toward an economy driven by innovations in science and technology.

This diversification not only provides new employment opportunities in future-focused sectors, it makes our city more resilient to economic shocks. Though new challenges from the COVID-19 pandemic have emerged, evidence of New York City’s evolution over the past decade can be found across the economy. From labor force and talent development to new startups and venture capital, New York City’s STEM (Science, Technology, Engineering, and Mathematics) ecosystem continues to flourish.