Tech companies account for approximately 29 million square feet of NYC office space, compared to 17.6 million square feet in 2011.
90 unicorns: The number of NYC-homegrown tech companies that have achieved a $1 billion valuation or more.
46%: The share of all VC funding for US cryptocurrency companies in 2021 that went to those based in NYC, earning $6.5 billion in total investment.
142%: The rate of growth by NYC’s tech sector since 2010, 17 times faster than finance and insurance (8.4%), 5 times faster than advertising (29.7%), and 3 times faster than healthcare (46.1%).
From February 2020 to December 2021, private sector employment in the city declined 5.3%. While several major industries were suffering, tech was a rare economic bright spot for New York during the pandemic.
NYC employs more Black and Hispanic tech workers than the other two leading US tech hubs, San Francisco and Boston, combined.
Source: CUF analysis of data from the 2019 American Community Survey 5-year-estimates
5.2%: The tech sector’s share NYC’s total private sector employment doubles its share from a decade ago (2.6%). Since 2010, employment in the tech sector grew more than seven times as fast as the city’s overall economy.
NYC was the only US city to add 100,000 jobs in tech over the last decade, besides San Francisco.
15.6% of all jobs nationally in internet-related tech companies are based in NYC, nearly double its share from a decade ago (8.9%).
Software Development Engineer
Amazon
Senior Creative Content Lead
Bloomberg
Program Manager
Squarespace
Backend Engineer
Revel
Strategic Finance Analyst
Etsy
Director of Insights
Spotify
Area Director
WeWork
Experience Marketing Strategist
Yext
Enterprise Account Executive
Sprinklr
SEO Manager Ramp
Ramp
Driver
Capsule
Executive Assistant
CLEAR
Total VC funding by quarter
Record-break investments
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Female founders raised $6.7 billion in new funding between January and September 2021, more than double the $3.2 billion raised in all of 2020.
Squarespace and Warby Parker both debuted on the NYSE in 2021 as the first two New York tech companies to go public via a direct listing.
Maven became the first women’s and family health startup to reach unicorn status in the US.
Spring Health co-founder and CEO April Koh became the youngest woman leading a unicorn startup.
artificial intelligence and machine learning companies now call NYC home, up from 566 in 2016, a 72% increase.
Over $9 billion in funding has been invested in New York AI companies, and 13 percent of the country’s AI workforce is located here.
A pilot initiative launched by Tech:NYC, in partnership with the Mayor’s Office of Youth Employment and Girls Who Code, expands on previous internship programs to offer up to 1,000 paid work and mentorship opportunities to NYC youth interested in pursuing careers in technology.
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120+ universities are based in NYC, with most offering comprehensive computer science education curriculums and degree programs.
238 tech education and training organizations operate more than 500 programs in 850 locations across the five boroughs.
160,000+ public school students received computer science education during the 2018-2019 school year, an increase of 72% since CSforALL was launched in 2016.
42% of students who take the AP Computer Science exam are female, compared to 28% nationwide.
The accelerator program founded by Tech:NYC, Google for Startups, and Cornell Tech awarded ten early-stage founders with funding and mentorship resources to scale ideas that equitably accelerate NYC’s post-pandemic economic recovery.
An annual initiative of Silicon Valley Bank gathers hundreds of tech workers to log 700+ volunteer hours for 30 global nonprofits dedicated to local diversity, enquiry, and access missions.
A first-of-its-kind communications network from CityBridge, a consortium of leading technology and media experts, provides free, reliable 5G WI-Fi access citywide in an effort to close the digital divide in under-resourced neighborhoods.
The two funds launched by Google for Startups provide $10 million in no-equity cash awards and other resources to Black and Latinx founders historically underrepresented in tech and VC.
The nine-month program, led by Company Ventures and the New York City Economic Development Corporation, supports early-stage entrepreneurs centering deep community impact for everyday New Yorkers in their businesses.
A coalition of leading New York tech companies partnered with New York State to quickly deliver products to accelerate New York’s COVID-19 response. More than 7,000 tech volunteers led projects to build the state’s COVID Exposure Notification app, digital testing and vaccine scheduling platforms, and data insights dashboards for public officials.
Social Impact