Tech + Creative
New York City Tech Ecosystem
NYC Deputy Mayor for Housing and Economic Development, Alicia Glen unveiled a new report “The New York City Tech Ecosystem: Generating Economic Opportunities For All New Yorkers” from Association for a Better NY and New York Tech Meetup (NYTM). The NYC Tech Ecosystem is defined by both tech and non-tech industries that are distributed among all sectors of the NYC economy. According to the report, the NYC Tech Ecosystem generates approximately 541,000 total jobs in New York City, accounting for 12.6% of the total employment in the city.
DUMBO based, Esty, is highlighted in the report as a case study for tech startups. Esty has been making an impact on the national economy with Esty sellers generating $1.35 billion in sales. In the local economy, Esty’s Brooklyn office employs 375 people with 44% employed in the tech occupations and 56% in the non-tech industries. While Manhattan accounts for a significant portion of the NYC Tech Ecosystem, Brooklyn is gaining ground accounting for 10% of the system, according to the report. The Brooklyn Tech Triangle has emerged as the city’s largest tech hub outside of Manhattan.
The report concludes with recommendations – including bolstering existing tech hubs. It also cites the Brooklyn Tech Triangle Masterplan for public policies in workforce development, adequate workspaces, and the centralization and coordination of tech-oriented programs and services.