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Why NYC? Why Now?

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Why NYC? Why Now? NYC has the talent. The majority of adults in the NYC metro have attended college or received a degree. Over 717,000 of these between the ages of 18 and 44 live within a 30 minute commute of Manhattan and this number is growing by double digits. NYC has the educational base. Over 100 universities and colleges are located in NYC. Twenty rank among the nation’s top schools. Many are highly regarded for programs in STEM. In 2014, over 31,000 post-secondary degrees in STEM were awarded in the NYC metro, over double the number in the Boston metro. And 41,000 post-secondary degrees in STEM were awarded in New York State annually. NYC is diverse. Millions in NYC are bilingual. More than a million speak both Spanish and English very well. Altogether, over 200 languages are spoken here. NYC is a magnet for young adults. Persons age 25-34 grew in number by 230,000 between 2010 and 2014. Those with a college education grew 25% in recent years, double the growth rate reported in Boston. NYC is a global hub for technology. Major high-tech companies like Google, IBM, in NYC generates 541,000 jobs and has been growing at a higher rate than jobs in Silicon Valley. NYC is a center for venture capital and innovation. Start ups have raised over $20 billion in tech funding since 2009. Combined, Internet and Mobile & Telecommunications account for 85% of venture capital deals and 68% of dollars invested. Venture capital funding in NYC metro is on track to reach a seven-year high and eXceeds investments in New England. NYC is accessible. NYC’s three airports combine to create the largest air transit transit network is also one of the most affordable ones in the U.S. NYC has the best quality of life in the world. With over 30,000 restaurants and bars, nearly 3,000 cultural institutions and ten major league sporting teams, NYC is considered the cultural capital of the United States with everything to offer visitors and residents alike. NYC has The Farley Building. Why Farley? Farley has history. The iconic Farley Building in NYC is listed on the National U.S., Penn Station. service to an entire medium size city. Why NYC? Why Now? NYC’s Tech Ecosystem ! ! ! ! ! ! ! 26 24 ! 22 20 30 12 27 11 10 29 5 7 13 6 ! 16 2 1 17 17 3 ! 19 23 8 28 9 18 4 25 14 15 21 Medium/Large Tech Companies Start Ups and Incubators! Top STEM Universities Why NYC? Why Now? Why NYC? Why Now? Competitive Talent Pool NYC universities awarded more post-secondary STEM degrees than Boston/Cambridge universities combined in 2014. New York City also has one of the highest percentages of degree holding individuals, with the majority of those age 25 and up with some college or a degree; and when graduates choose Net Creative Class Migration 2009-2011 where to locate they overwhelming choose New York New York-Northern New 3,978 Jersey-Long Island as the number of educated adults ages 18 to 44 within a 30-minute commute of Manhattan jumped Boston-Cambridge-Quincy 3,712 by 172,000 people, skyrocketing 32% to reach over 1,977 717,000 in 2010. Source: The Brain Game: 2015 Update, Downtown Alliance. Source: 2013 Annual Meeting of the Association of American Geographers Post-Secondary STEM Degrees Awarded, 2014 Percent Change in Number of College Graduates Aged 25-34 (2000-2012) NY Statewide 41,621 New York City 25% NYC MSA 31,201 Boston 12% Source: Joe Cortright, City Observatory Boston MSA 15,454 Denver MSA 5,248 Source: EMSI Why NYC? Why Now? There are numerous colleges and universities in Competitive Talent Pool the NYC metro area. Many of these schools are highly regarded for their STEM programs. The following are examples of some of the best schools with STEM programs in the NYC metro area: CUNY Bernard M Baruch College 55 Lexington Ave, New York, NY CUNY Graduate School and University Center 365 5th Ave, New York, NY Cooper Union for the Advancement of Science and Art 30 Cooper Sq, New York, NY The NYU Tandon School of Engineering 6 MetroTech Center, Brooklyn, NY CUNY Hunter College 695 Park Ave, New York, NY Rockefeller University 1230 York Ave, New York, NY Weill Cornell Medical College 4805, 1300 York Ave, New York, NY Pace University - New York 1 Pace Plaza, New York, NY CUNY New York City College of Technology 300 Jay St, Brooklyn, NY Icahn School of Medicine at Mount Sinai 1428 Madison Ave, New York, NY Columbia University in the City of New York 116th St & Broadway, New York, NY CUNY City College 160 Convent Ave, New York, NY Vaughn College of Aeronautics and Technology 8601 23rd Ave, East Elmhurst, NY SUNY Downstate Medical Center 450 Clarkson Ave, Brooklyn, NY CUNY Brooklyn College 2900 Bedford Ave, Brooklyn, NY 11210 New Jersey Institute of Technology 150 Bleeker St, Newark, NJ 07102 Rutgers University: Newark 190 University Ave, Newark, NJ 07102 CUNY Queens College 65-30 Kissena Blvd, Flushing, NY 11367 CUNY York College 94-20 Guy R Brewer Blvd, Jamaica, NY 11451 St. Johns University: New York 8000 Utopia Pkwy, Jamaica, NY 11439 Manhattan College 4513 Manhattan College Pkwy, Bronx, NY 10471 CUNY College of Staten Island 2800 Victory Blvd, Staten Island, NY 10314 William Patterson University of New Jersey 300 Pompton Rd, Wayne, NJ 07470 Adelphi University 1 South Ave, Garden City, NY 11530 Mercy College 555 Broadway, Dobbs Ferry, NY 10522 Molloy College St. Thomas Aquinas College 125 NY-340, Sparkill, NY 10976 Long Island University Post 720 Northern Blvd, Brookville, NY 11548 Hofstra University New York Institute of Technology 1855 Broadway, New York, NY 10023 Webb Institute 298 Crescent Beach Rd, Glen Cove, NY 11542 Why NYC? Why Now? Competitive Talent Pool Languages With more than 3 million foreign-born residents from more than 200 different countries, New York is home to one of the most diverse populations in the world. New Yorkers come from every corner of the globe and speak over 200 different languages. Nearly one-half of all New Yorkers speak a language other than English at home. New York City Boston Denver Spanish 1,343,788 149,465 138,945 French 83,551 32,697 7,280 Italian 108,148 23,018 138,945 Russian 87,091 15,607 6,289 Korean 41,444 7,890 4,379 Arabic 71,329 23,391 7,148 Japanese 15,459 4,502 2,498 Chinese 489,851 95,056 12,092 Hindi 50,983 15,042 3,103 Percent of Population that Speak Languages other than English Why NYC? Why Now? Competitive Talent Pool Universities in the NYC metro area NYC Residents with at least a engaged in $3.3 billion dollars of Bachelor’s Degree academic R&D – more than any other 3,386,687 metro in the U.S. Source: National Center for Education Statistics, IPEDS database, 2013 A magnet for young adults, persons age 25-34 grew by 230,000+ between 2010 and 2014. Source: U.S. Census 2010 and 2014 American Community Survey (1 year estimates) 1,566,910 Since 2000, the number of creative 912,909 and professional workers living within 792,892 a 30-minute commute of Manhattan has grown by 90,000 – a gain of 18.5%. Source: DowntownNY.com The Brain Gain 2015 Update NYC MSA Boston Denver San Francisco The majority of adults in the New York MSA MSA MSA Metro have some college or a degree. Source: US Census Bureau, American Community Survey, 2014. Those with a doctorate or professional degree are over 3 times more common here than across the nation. Source: US Census 2014 American Community Survey (1 year estimates) Why NYC? Why Now? Competitive Talent Pool CUNY Energy Institute, headquartered at City College of New York, produces cutting-edge research and develops innovative sustainable energy technologies that have practical and economical applications. The focus area of the institute’s faculty includes: energy storage, nuclear, and oil and gas. NYU’s School of Engineering’s Bioengineering Program mission is to provide eXcellence in education and training, and to facilitate research leading to the discovery and development of new rationally-engineered materials, devices, technology, and biomolecular agents for medicine. Columbia University’s Electrical Engineering Department focuses on research areas that include: signal and information processing; networking and communications; micro devices and physical principles; systems biology and neuroengineering; and integrated circuits and systems. Center for Information Networking and Telecommunications (CINT), located at City College, focuses on research and networks; sensor and ad-hoc networks; cloud and information networks; integrated wired/wireless networks; and information distribution networks. Why NYC? Why Now? New York has proven its worth as an innovation hot spot Start Ups. The “Big Apple” was once known Strength in new technologies, it’s fast becoming a tech capital. In the Technology Sector past 10 years New York’s high tech companies have grown exponentially, drawing in the best and brightest talent. In fact, high tech companies in NYC generate 541,000 jobs and $125 billion in annual economic output. There are a vast number of tech companies located in NYC. New York City now has 395 digital companies with 10+ employees. Everyday more major tech companies are opening locations in New York City such as Google, Buzzfeed, Facebook and LinkedIn. The city maintains a list by location of tech startups on the Digital NYC website which currently lists nearly 1,000 companies. NYC is also home to many IAC/InterActive 555 W 18th St Google Eighth Ave and West 15th St Soundcloud 50 W 23rd St IBM Madison Ave & E 57th St Tumblr 35 E 21st St IBM Watson Group Astor Place Hulu 79 Fifth Ave Microsoft (Technology Center) 11 Times Square Square 375 W Broadway Xerox Midtown East
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