The Partnership for New York City, a nonprofit membership organization comprised of a select group of two hundred CEOs from New York City’s top corporate, investment and entrepreneurial firms are contributing directly to projects that create jobs. According to a recent post their efforts are working.
The financial services sector, which still dominates the regional economy, employs nearly 40,000 tech professionals. Even while downsizing in the period since the 2008-09 recession, most financial firms have ramped up the hiring of tech workers. Cloud computing and big data analytics have contributed to building a local “fintech” sector that has added over 30 new startups since 2007. The Partnership Fund is contributing to this growth via its FinTech Innovation Lab, which supports early stage and growth companies that are developing cutting edge technology products targeted at financial services customers.