Mayor Bloomberg joined Twitter co-founder, Jack Dorsey at a press conference yesterday to celebrate the opening of their new New York City offices. Like many of the other tech startups which call New York City home, Jack Dorsey recognizes New York’s potential to be the next Palo Alto and Silicon Valley.
And New York’s Mayor Bloomberg couldn’t be happier to give the city that distinction.
In fact, Bloomberg added that his administration has created nine business incubators to help startups find space and has launched the NYC Entrepreneurial Fund, a public/private partnership, to help early-stage startups.
As one of the major social networks on the web, Twitter’s leap to the Big Apple marks a significant step for an industry predominantly located on the west coast. However, this isn’t anything that is not expected. As Dorsey points out, NYC has more Twitter users than any other city and the state has the second largest number of Twitter developers.
The addition of a major startup presence in the city will only serve to help contribute to the budding startup culture. Dorsey notes the importance of mentorship and support networks to building a startup community. “With every new tech startup, the desire to get together and talk about the challenges” goes up, he says.
With an economy clamoring for new jobs, New York is fertile ground to welcome a heavy presence to spur on job growth. There are thousands of Twitter developers in New York, he said, and companies like SocialFlow, Chartbeat and Crowdtwist have successfully raised capital based on their work using Twitter’s API.
New York will only continue to grow as a tech leader. New York’s industrial spirit is unmatched anywhere, and the densely populated community compared to Silicon Valley offers a new dynamic to create social apps and technology geared towards this certain atmosphere.