Is New York The Next Silicon Valley, Asks NY Fed
Between 2007 and 2014 the number of tech jobs in New York City grew 58%, compared to just 12% for the US overall and 36% for San Mateo – the original Silicon Valley. Inevitably this leads to the question of what whether New York will be the ‘next’ Silicon Valley, complete with funny nickname.
“When asked where tech firms in the city are located, many New Yorkers will mention Silicon Alley in Manhattan—roughly speaking, the area between the Lower and Midtown Manhattan skylines,” write exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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