‘Since 2007, billions of dollars have poured into New York’s “Silicon Alley,” which recently vaulted ahead of the greater Boston area to become the nation’s second-largest tech hub behind California’s Silicon Valley. For a city that has long relied on its financial industry to spur growth and innovation, the resurgence of the tech sector is welcome news.’
Here’s a video from TheStreet, posted two years ago now with a Bloomberg rep (this blog stays on the cutting edge).
As to the city government and the politics of the thing, if you want cash, you need cows. From the NY Daily News on how the De Blasio administration is handling this development:
‘Alicia Glen, Mayor de Blasio’s deputy for housing and economic development, pledged to create a “real pipeline” of New Yorkers equipped for the new jobs in the city’s new economy.’
That won’t happen overnight, and for some people it won’t ever happen. It remains to be seen if labor activists can build pipelines that don’t primarily move labor activists and tax revenue around.
Related On This Site: James Panero At The New Criterion: ‘Time to Free NY’s Museums: The Met Responds’