Slashdot Mirror
NYC Tech Sector Growing Faster Than City Can Keep Up
BioTitan writes "New York City's plans to build its tech sector have turned out like a party gone wrong — someone inviting 100 people expecting 10 to show up, but finding that not only did everyone come, but they also brought their friends. New York City Mayor Michael Bloomberg wants to build NYC into the second Silicon Valley. Dedicated spaces complete with 3-D printers, workshops, and computers with design software are being built — with the Brooklyn Navy Yard leading the way — yet there is far from enough space to meet demand. Tucker Reed, president of the Downtown Brooklyn Partnership, said, 'Despite the presence of a considerable number of commercial buildings in downtown Brooklyn, longer term leases have tied up much of the current space over the next five years.'"
It's like Facebook, for cats!
No cutting edge tech person wants to work in Brooklyn when they can work in Manhattan.
Network effects from being close to all those other tech companies. (Seriously. This is why cities are generally more economically effective, and why large cities tend to be more effective than small cities; the effect is super-linear.)
ya but dat was before *DA INTERNETS*.