The Making of New York City’s Tech Economy

From 2007 to 2011 tech start-ups in New York City grew by 32%, during a severe economic recession when other regions experienced sharp declines.

This rapid growth of tech start-ups in NYC cannot be explained by overall economic growth alone, especially given that the NYC financial industry was the epicenter of the most serious financial crisis since the Great Depression. So why did New York City, particularly Manhattan, experience such explosive growth in tech start-ups at the outset of a major economic downturn?

To investigate this question, the Cornell Center for the Study of Economy and Society, has embarked upon a groundbreaking study.

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The Economic Sociology Lab

The Economic Sociology Lab, directed by Victor Nee, seeks to provide training in theory construction linked to empirical research. The Lab’s research projects employs an advanced mixed methods approach in the study of economic action.  Its strategic research sites include New York City’s regional knowledge economy, where the Lab has conducted survey research of a large sample of tech entrepreneurs, in depth face-to-face interviews and big data. The Economic Sociology Lab offers mini-grants to lab members for collaborative research in economic sociology and organizations.

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