New York City’s tech industry is one of the fastest growing areas of our economy, and our startup ecosystem is changing rapidly every day. Below you can find information and sources that provide a snapshot of where the NYC tech industry is now and how it has grown during the past few years.

Startups | JOBS | FUNDING | Diversity | REAL ESTATE | UNIVERSITIES | EXITS | initiatives

Startups

NYC's tech ecosystem now has more than 9,000 startups
NYC’s startup ecosystem is valued at $147 billion and is the second most valuable ecosystem in the world in 2020
NYC’s tech sector is ranked first in Savills tech cities index in 2019
NYC has the highest number of edtech companies in the USA and is ranked first in funding for edtech
NYC has more than 100 incubators where startups can grow
NYC has more than 200,000 businesses with 20 or fewer workers, and they employ more than 600,000 employees
Of all major tech hubs in the nation, Brooklyn’s startup growth rate since 2008 was second at 356%
NYC is a top four global ecosystem for life sciences and blockchain

Jobs

New york City is ranked Second in talent globally in 2020
in 2020, amazon, google, facebook, and apple collectively employed over 22,000 people in New York City
New york City is ranked first in average engineer salaries in 2019
The NYC tech sector represented 372,000 jobs in 2019
From 2018-2019, tech added 150,000-200,000 jobs, four times the overall new york city job gain
85% of companies in NYC plan to increase hiring new tech talent and 87% are confident that they can find talent locally in NYC
10% of the nation’s developers are located in the NYC metro area
NYC has the fastest average time to hire engineers IN all U.S. tech ecosystems at 24 Days
Average tech job wages are 49% higher than average NYC private sector wages
Brooklyn now has 1.4% of the nation’s graphic design jobs, up 367% a decade ago

Funding

The NYC Metro region received $16.2B in funding in 2020
New York City is ranked SECOND globally in funding availability and quality in 2020
NYC companies attracted 866 VC deals in 2020
New York City has the second-highest absolute number of early-stage investments in the world, after Silicon Valley

Diversity

89% of NYC Tech companies Say diversity brings tech talent to NYC
NYC ranks first overall among 50 global cities for its ability to attract and support women entrepreneurs
There are now at least 238 tech education and training organizations operating 506 programs in 857 locations across the five boroughs
New York City has more than 410,000 women-owned businesses, more than double any other U.S. city
Approximately 47% of NYC's technology workers are foreign born
Immigrants make up 46% of the city’s workforce, a higher share than in any major city except Miami
42% of students who take the ap computer science exam are female - compared to 28% nationwide
The number of women-owned businesses in New York City increased 35% between 2007 and 2012

Real Estate & Infrastructure

Tech companies accounted for 29.3 million, or 8%, of the total square feet of office space in NYC
In 2020, Apple, Amazon, and facebook Added 1.6M Square Feet of office space
In 2011, tech firms had only 17.6 million square feet of office space, or 5 percent of the office market
New York City is ranked third in Mobility in Savills tech cities index in 2019

Tech companies leased or renewed leases for 21 million square feet of office space in the last 10 years
There are Now More than 200 coworking spaces in NYC, giving New Startups space to Grow and thrive

Universities

New York City now has more than 120 universities, with most offering Computer Science education
New YOrk City is ranked number 1 globally for the number of Stem students/Graduates and life sciences universities in 2019
New York City haD 7,631 annual computer science graduates from local universities in 2018

New York City has More than 5 Million residents 25 and older with A Bachelor’s degree or above
More than 80,000 annual new international or out of state NYC residents with a bachelor’s degree or above

Noteworthy Acquisitions and IPOs

Featured

Notable NYC Tech Initiatives

CS4ALL: This $81 million public-private partnership Fosters Computer Science education for NYC teachers and students

NYCX: This is the First municipal program in the U.S. designed to transform urban spaces into hubs for tech collaboration

LinkNYC: NYC and Intersection teamed up to create communication kiosks around the city, with More than 1,300 Live now

NYC Tech Ecosystem Overview

Startups | JOBS | FUNDING | Diversity | REAL ESTATE | UNIVERSITIES | EXITS | initiatives

Startups

NYC's tech ecosystem now has more than 9,000 startups

NYC’s startup ecosystem is valued at $147 billion and is the second most valuable ecosystem in the world in 2020

NYC’s tech sector is ranked first in Savills tech cities index in 2019

NYC has the highest number of edtech companies in the USA and is ranked first in funding for edtech

NYC has more than 100 incubators where startups can grow

NYC has more than 200,000 businesses with 20 or fewer workers, and they employ more than 600,000 employees

Of all major tech hubs in the nation, Brooklyn’s startup growth rate since 2008 was second at 356%

NYC is a top four global ecosystem for life sciences and blockchain

Jobs

New york City is ranked Second in talent globally in 2020

in 2020, amazon, google, facebook, and apple collectively employed over 22,000 people in New York City

New york City is ranked first in average engineer salaries in 2019

The NYC tech sector represented 372,000 jobs in 2019

From 2018-2019, tech added 150,000-200,000 jobs, four times the overall new york city job gain

85% of companies in NYC plan to increase hiring new tech talent and 87% are confident that they can find talent locally in NYC

10% of the nation’s developers are located in the NYC metro area

NYC has the fastest average time to hire engineers IN all U.S. tech ecosystems at 24 Days

Average tech job wages are 49% higher than average NYC private sector wages

Brooklyn now has 1.4% of the nation’s graphic design jobs, up 367% a decade ago

Funding

The NYC Metro region received $16.2B in funding in 2020

New York City is ranked SECOND globally in funding availability and quality in 2020

NYC companies attracted 866 VC deals in 2020

New York City has the second-highest absolute number of early-stage investments in the world, after Silicon Valley

Diversity

89% of NYC Tech companies Say diversity brings tech talent to NYC

NYC ranks first overall among 50 global cities for its ability to attract and support women entrepreneurs

There are now at least 238 tech education and training organizations operating 506 programs in 857 locations across the five boroughs

New York City has more than 410,000 women-owned businesses, more than double any other U.S. city

Approximately 47% of NYC's technology workers are foreign born

Immigrants make up 46% of the city’s workforce, a higher share than in any major city except Miami

42% of students who take the ap computer science exam are female - compared to 28% nationwide

The number of women-owned businesses in New York City increased 35% between 2007 and 2012

Real Estate & Infrastructure

Tech companies accounted for 29.3 million, or 8%, of the total square feet of office space in NYC

In 2020, Apple, Amazon, and facebook Added 1.6M Square Feet of office space

In 2011, tech firms had only 17.6 million square feet of office space, or 5 percent of the office market

New York City is ranked third in Mobility in Savills tech cities index in 2019

Tech companies leased or renewed leases for 21 million square feet of office space in the last 10 years

There are Now More than 200 coworking spaces in NYC, giving New Startups space to Grow and thrive

Universities

New York City now has more than 120 universities, with most offering Computer Science education

New YOrk City is ranked number 1 globally for the number of Stem students/Graduates and life sciences universities in 2019

New York City haD 7,631 annual computer science graduates from local universities in 2018

New York City has More than 5 Million residents 25 and older with A Bachelor’s degree or above

More than 80,000 annual new international or out of state NYC residents with a bachelor’s degree or above

Noteworthy Acquisitions and IPOs

Notable NYC Tech Initiatives

CS4ALL: This $81 million public-private partnership Fosters Computer Science education for NYC teachers and students

NYCX: This is the First municipal program in the U.S. designed to transform urban spaces into hubs for tech collaboration

LinkNYC: NYC and Intersection teamed up to create communication kiosks around the city, with More than 1,300 Live now

WINTERNSHIP: Partnership with Cornell Tech and CUNY to prepare women in high school and college for Tech Jobs

Selected Resources

center for new york city affairs, the covid-19 impact and nyc’s tech workforce, Feb 2021

Last Updated: October 2020

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