Silicon Alley Could Revive NYC’s Middle Class, Report Says

Silicon Alley Could Revive NYC’s Middle Class, Report Says

Original post by Daniel P. Tucker via WNYC 

New York’s tech sector has made some entrepreneurs rich. A new study says it could also preserve and grow the city’s middle class.

The potential boom in jobs hinges on city government’s ability to set up future workers for success in software engineering and other fields that require 21st-century skills, according to a report released Tuesday by Manhattan Borough President Scott Stringer’s office.

“New York City is in the midst of an entrepreneurial revolution, but the benefits of this revolution are not being felt by all New Yorkers,” Stringer said in a statement.

The report, “Start-up City,” lays out 11 recommendations Stringer says will spur entrepreneurship, lead to “robust economic growth” for Silicon Alley and allow working-class New Yorkers to climb the socio-economic ladder.

Education is at the heart of plan. The city should start a financial aid program for engineering students and CUNY should develop a dedicated STEM — or science, technology, engineering and math — program for high school students, the report says.




Leave a comment