New York City has long been considered a global epicenter for business. When one thinks of industry in New York, you’re more than likely drawn to the worlds of finance, media, and advertising. However, New York City has embraced the emerging tech sector. Tech is among the fastest growing sectors in New York City, and according to data from LinkedIn, 21% of NYC businesses employ tech talent.
New York City is special to LinkedIn. We’ve had a presence in the Big Apple since 2007, and we now employ hundreds of New Yorkers. Since moving our local operations to the iconic Empire State Building in 2010, our New York City office has grown to be our largest US office outside the Bay Area. In 2012, we began building a research and development team in New York, leveraging the growing technical talent available in the city.
We’ve watched the city’s tech industry blossom and want to be able to help promote its growth. So when the opportunity arose to work with the people at Tech Talent Pipeline, a $ 10 million public-private partnership launched last May by Mayor Bill de Blasio to expand the pool of qualified homegrown tech talent, we were excited to utilize the Economic Graph – a digital map of the economy – to provide data that would help their team deploy its resources strategically.
Over the course of three months, we analyzed aggregate LinkedIn data from more than 3 million LinkedIn members in the New York City region and 150,000 NYC-based businesses to provide the Tech Talent Pipeline with insights on the current state of the city’s tech industry. This research is now informing the Tech Talent Pipeline team’s decisions on how to deploy $ 10 million in funding to help NYC schools, government, nonprofits, and companies better prepare New Yorkers for in-demand tech jobs and fuel the continuing growth of NYC tech businesses.
Here are some of our key findings:
The numbers show that there are real opportunities to train New York City’s diverse workforce for tech jobs at companies in many industries and at all stages of growth. And with this data and workforce training funding, the Tech Talent Pipeline can now begin to train New Yorkers in a targeted and efficient way for jobs in the city. These needs will continue to evolve, so we’re committed to regularly updating the data. The more insight we have, the easier it will be for New York City workers and employers to use this knowledge to bridge the gap in technology skills and hiring. In the coming months and years, we’re hoping to provide similar research and insights to other cities in pursuit of our vision to create economic opportunity for every member of the global workforce.