A tech scene grows in Brooklyn: Report
A new report projects Brooklyn's tech industry raking in $15.5 billion by 2025.
The Brooklyn tech scene is expected to rake in $15.5 billion by 2025, according to a report released by Brooklyn Tech Triangle on Monday.
Brooklyn’s “Tech Triangle,” which includes downtown Brooklyn, DUMBO and the Brooklyn Navy Yard had an economic impact of $3.5 billion in 2012 and $5.3 billion this year.
The area has 1,351 companies and 17,302 employees, up from 1,107 companies and 11,967 employees in 2012. The report says the growth will depend on more office space, which isn’t growing as quickly as the area fills up.
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The report found that if the tech sector continues to grow at the same rate, the area will run out of commercial space by 2020.
Adam Enbar, who founded the Flatiron Schoolthat trains students how to be web developers, thinks that if the city is committed to Brooklyn’s tech scene, the sector will grow and building developers will follow.
“If the full weight of the New York City government says we’ll accomplish this, they will get it done,” Enbar said.
Enbar said his company was concerned about the amount of space and infrastructure when they opened a Brooklyn campus two years ago, but said the city supported him through finding an affordable space from private developers.
Enbar, a former venture capitalist, said he thinks developers will easily catch on if there is a demand for office space.
“Technology begets more technology,” Enbar said. “The people that work in tech go out and start tech companies in New York City.”