High-tech jobs in NYC near ’90s dot-com crash levels

thomas tom dinapoli
State Comptroller Tom DiNapoli released a report Monday that found tech jobs in New York City are growing about four times faster than any other industry.
Credit: NYS Comptroller Flickr

The tech field in New York City is growing about four times faster than any other industry, according to a report released Monday.

With more than 100,000 high-tech jobs — about 25,000 of which were added in late 2013 alone — the city hasn’t seen this many jobs in the industry since the 2001 dot-com crash.

State Comptroller Tom DiNapoli announced the report’s findings alongside Mayor Bill de Blasio at a local Manhattan start-up’s SoHo offices.

The report found that an employee in the high-tech industry on average made about $118,600 in 2012. Most New Yorkers, meanwhile, earned an average of about $79,500.

“The high-tech industry is creating well-paying jobs and diversifying the local economy, which is helping to reduce New York City’s economic dependence on Wall Street,” the report added.

The industry itself is also seeing some change. While many start-ups and firms have traditionally found homes in Manhattan’s Midtown South, DiNapoli said the industry has slowly been expanding into Lower Manhattan, Downtown Brooklyn and Long Island City.

Likewise, while this report only tracked jobs in the high-tech field, it recognizes that broader tech-related jobs — such as retail, media, broadcasting and health care — can add anywhere between 141,000 to 262,000 jobs to the city’s numbers.

De Blasio, who is expected to give his first tech-related address on May 19 at the opening session of Internet Week New York 2014, praised the report’s results.

“With every step, this sector becomes a better and better place to work,” he said at the press event.

Follow Chester Jesus Soria on Twitter @chestersoria


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