Technology sectors Manhattan

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silicon alley, centered in manhattan, has evolved metonym sphere encompassing new york city metropolitan region s high tech industries, including internet, new media, telecommunications, digital media, software development, biotechnology, game design, financial technology (fintech), , other fields within information technology supported area s entrepreneurship ecosystem , venture capital investments. of 2014, new york city hosted 300,000 employees in tech sector. in 2015, silicon alley generated on us$7.3 billion in venture capital investment, based in manhattan, in brooklyn, queens, , elsewhere in region. high technology startup companies , employment growing in manhattan , across new york city, bolstered city s emergence global node of creativity , entrepreneurship, social tolerance, , environmental sustainability, new york s position leading internet hub , telecommunications center in north america, including vicinity several transatlantic fiber optic trunk lines, city s intellectual capital, , extensive outdoor wireless connectivity. verizon communications, headquartered @ 140 west street in lower manhattan, @ final stages in 2014 of completing us$3 billion fiberoptic telecommunications upgrade throughout new york city. of october 2014, new york city hosted 300,000 employees in tech sector, significant proportion in manhattan.


the biotechnology sector growing in manhattan based upon city s strength in academic scientific research , public , commercial financial support. mid-2014, accelerator, biotech investment firm, had raised more us$30 million investors, including eli lilly , company, pfizer, , johnson & johnson, initial funding create biotechnology startups @ alexandria center life science, encompasses more 700,000 square feet (65,000 m) on east 29th street , promotes collaboration among scientists , entrepreneurs @ center , nearby academic, medical, , research institutions. new york city economic development corporation s stage life sciences funding initiative , venture capital partners, including celgene, general electric ventures, , eli lilly, committed minimum of us$100 million launch 15 20 ventures in life sciences , biotechnology. in 2011, mayor michael r. bloomberg had announced choice of cornell university , technion-israel institute of technology build us$2 billion graduate school of applied sciences on roosevelt island, manhattan, goal of transforming new york city world s premier technology capital.



times square hub of broadway theater district , major cultural venue in manhattan, has 1 of highest annual attendance rates of tourist attraction in world, estimated @ 50 million








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