New York City Tech Cluster is Gaining Momentum

New York City’s budding technology industry is growing rapidly by attracting investors and engineering talent, despite spotty access to a reliable broadband network, according to a new study.

The study, “New Tech City,” conducted by the Center for an Urban Future, concluded that the technology industry is growing faster in New York City than anywhere else in America — and that the city now trails only Silicon Valley.

The number of venture capital deals in New York rose by 32 percent in that period, while it fell by more than 10 percent across the nation, the report said

via NYTimes