NYC sees progress in quest to become tech capital
New York’s mayor has made no secret of going after a digital grail: rivaling Silicon Valley as a high-tech hub… New York’s mayor has made no secret of going after a digital grail: rivaling Silicon Valley as a high-tech hub. Entrepreneurs say New York also faces particular challenges, including spotty broadband access in some areas and a limited tech talent base, though the city is trying to address the concerns. “Over the last few years, what we’ve seen over and over again is a commitment to make New York City a viable alternative to Silicon Valley and a place where true innovation occurs,” Google Executive Chairman Eric Schmidt said after a closed-door discussion Mayor Michael Bloomberg convened with tech-sector leaders this month. New York City is gunning after Silicon Valley to become a tech hub Bloomberg threw down the cross-country gantlet in July 2011, when he predicted the city could surpass Silicon Valley as a tech startup capital, though he noted that could take decades. The New York area has occasionally lapped New England in venture capital investments in recent quarters, though neither comes close to Silicon Valley, said David Silverman, a partner at PriceWaterhouseCoopers, which tracks such investments.
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