$5.7 billion $768 million

Financial Services accounts for 31% of the city’s private sector payroll; the high-tech sector accounts for 5%.

Financial Services employs 318,000 people; the high-tech

sector employs 116,000.

Job growth in Financial Services has been modest over the past five years, while the high-tech sector

has grown 29%, outpacing all other sectors.

Financial Services generates 20% of the city’s economic output; the

high-tech sector generates 4%.

The Partnership for New York City is a nonprofit membership organization comprised of a select group of CEOs whose companies collectively employ 1.5 million New Yorkers. The Partnership’s mission is to engage the business community in e�orts to advance the City’s economy and maintain the City’s position as the center of world commerce, finance and innovation. Through the Partnership Fund for New York City, a $135 million evergreen fund, the Partnership invests in initiatives that create jobs, improve economically distressed communities, and stimulate new business creation.

Silicon Alley has produced eight tech IPOs since 2012, worth $5.7 billion in total.

COMPANIES: Borderfree, Etsy, Everyday Health, OnDeck Capital, Shutterstock, Tremor Video, Varonis Systems, Viggle

Financial Services High-tech

FinTech investment in NYS in 2014 was $768M, an increase of 32% from 2013.

Total Jobs4 million

Job Growth

The New New York: Where Wall Street Meets Silicon Alley

9:45 AM 100%iPad

+29%

+4%

2010 2014

8% (318,000)

3% (116,000)

31% ($94B)

5% ($17B)

20% ($145B)

4% ($30B)Total Private Sector Payroll$303 billion

TotalEconomic

Output$712 billion

Convergence