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.View the project website »