Brooklyn takes key role in growth of NYC tech ecosystems
Increasing jobs more than 42%
DOWNTOWN BROOKLYN — Driven by investments in the Brooklyn Navy Yard and Brooklyn Tech Triangle, the borough has led the decade-long charge to increase New York City’s Tech Ecosystems. A new report has found that tech jobs pay 1.5 times more than other sectors, and make up 7% of the city’s entire workforce.
HR&A Advisors released a new report on Tuesday on the New York City tech ecosystem, commissioned by Tech:NYC, the Association for a Better New York (ABNY) and Google. The report found that the tech ecosystem — including tech roles within healthcare, media, finance and other fields — has contributed massive economic impact and job growth in the city over the last decade.
Specifically, the report found that New York City’s tech ecosystem employed 369,000 people across tech and non-tech sectors in 2021, representing 7% of the city’s entire workforce, and generated 440,000 in added multiplier jobs and $291 billion in economic output for the city, or 28% of NYC’s total economic output.
The report, released almost 10 years after HR&A’s seminal The New York City Tech Ecosystem report in 2013, also examined tech’s growth in boroughs outside of Manhattan, finding that tech jobs in Brooklyn have grown faster than any other borough, increasing 42% since 2012. And while tech job growth is slower in the other outer boroughs, roughly a third of all tech workers in New York City live in Queens, the Bronx and Staten Island, demonstrating how tech’s economic impact is spread across the city.
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