A report released by the Center for an Urban Future has positioned New York City as the fastest growing tech sector in the country, outpacing Boston to become the U.S.’s Tech Hub (only behind Silicon Valley).
Its rapid growth – a 28.7% increase of tech-related jobs in five years and a 32% increase in venture capital deals (compare that to the national average of -11%) – has been attributed to the diversification of its startup tech companies, focused not on creating new technologies, but on providing technological solutions to existing industries.
However (as we noted earlier this week in “The Next Silicon Valley(s)“) there is another “key” factor to the city’s burgeoning innovation and entrepreneur scene – the city itself.
Read More on how New York City’s Urban lay-out is encouraging its technological boom, after the break.