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What Attracts Big Tech Companies to New York?

November 15, 2018
What Attracts Big Tech Companies to New York?

New York City, New York – In the summer of 2013, Michael Bloomberg, the former mayor of New York, announced that Spotify would open an office in the city.

The announcement by Spotify, a music streaming service based in Sweden,  served as validation for the mayor’s efforts to make New York City a  hot spot for tech companies.

Two giant tech companies Amazon (AMZN) and Google (GOOGL) strive to have massive New York expansions with thousands of new employees.

Amazon will split its most hyped second headquarters into two locations. Rumor has it, one of them will be moved to Long Island City neighborhood of Queens, with 50,000 high-paying jobs for the project. This means tens of thousands of job opportunities in New York.

According to another announcement, reported on Wednesday,  Google plans to open a large office space in Manhattan’s West Village neighborhood. This will expand Google’s presence in New York and will create additional 8,500 job opportunities.

According to data released last year, New York is one of the most attractive spots for tech companies in the nation. Not surprisingly, by 2016 the city already had 128,600 jobs in the tech sector.

Unlike its counterpart San Francisco, New York is also a big hub for advertising, media, and finance.

New York is rapidly emerging as the nation’s leading hub for tech and innovation, creating more jobs and more opportunities. It’s not by surprising the city is called the epicenter of 21st century economy.

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