Tech and the City
It’s no secret that the buzziest sector of New York’s economy has been tech, which has made its way to the number two spot in the city’s portfolio of industries, according to a report by South Mountain Economics, prepared for the Bloomberg Technology Summit. However, as the city works to make itself globally competitive in innovation, it isn’t even close to competitive in terms of access to the Internet worldwide. Across the board, public dollars appear to be key in moving fast broadband. So, will New York City invest in the sort of municipal broadband network that the far faster U.S. cities, like Ephrata, Wash. and Chattanooga, Tenn., have built?
Post-Tropical Storm Sandy
The waning months of Mayor Bloomberg’s reign are expected to be marked by a series of high-powered departures, as one official after another jumps ship before the mayor leaves office. The latest is Bloomberg stalwart and Dan Doctoroff protégée Seth Pinsky, who is stepping down from the Economic Development Corporation to take a private sector gig with RXR Realty, as the agency announced today. Kyle Kimball, who is currently the agency’s executive director, will succeed him.
The list of real estate companies teaming up with the New York City Economic Development Corporation to donate free, temporary office space in the wake of Hurricane Sandy continues to grow.
The latest, The Lightstone Group, announced Friday that it will make 11,000 square feet of space available at 1407 Broadway through a city program for a period up to six months.