New York not just media, finance capital

June 24, 2008

google-nyc-office-scooter.jpgThis came as something of a surprise when we saw it.  New York City — not Silicon Valley — landed on the top of the list of the biggest U.S. technology industry workforces in 2006, according to a new study from the American Electronics Association (AeA), which bills itself as the “nation’s largest technology trade organization … dedicated solely to helping our members’ top line and bottom line.”

The media and finance capital of the world employed about 316,500 high-tech workers in 2006. The city added about 6,400 jobs from the prior year, making it the second fastest growing “cybercity” behind Seattle. The average New York City high-tech wage in 2006 was $91,500, or 46 percent higher than the average private sector job.

“The factors that have long made New York City a center of finance, culture and entertainment – a uniquely talented and diverse workforce, top academic institutions and a spirit of creativity not found anywhere else – are today making the City a center of technological innovation,” said Mayor Michael R. Bloomberg. “The high-tech industry is a valuable and increasingly important part of the New York City economy, and its continued growth will foster New York’s evolution as a ‘cybercity’ and keep us ahead of the curve.”

But if you want to make bank, you still have to trek out to the Valley. Average wage in the San Jose/Silicon Valley region – $144,828. 

 The leading metro areas by high-tech employment in 2006:

  • #1: New York Metro Area
    Total high-tech jobs: 316,509
    Average wage: $91,451
  • #2: Washington, DC
    Total high-tech jobs: 295,834
    Average wage: $92,718
  • #3: San Jose/Silicon Valley
    Total high-tech jobs: 225,343
    Average wage: $144,828
  • #4: Boston
    Total high-tech jobs: 191,690
    Average wage: $95,100
  • #5: Dallas-Fort Worth
    Total high-tech jobs: 176,010
    Average wage: $83,133 

(Photo: Reuters /Google’s New York City office)

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