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LOWER MANHATTAN EMERGES AS THE CITY’S BUDDING TECH HUB
By Daria Siegel, Director of Launchlm
Lower Manhattan is in a transformative era. Change is everywhere, from new, game-changing retail and restaurant options to spectacular new transit hubs and office towers to a revitalized waterfront—amazing things are happening in every corner of the neighborhood.
An important part of that change is the evolution of the area from Wall Street to Wired Street. Lower Manhattan has become a top destination for tech and creative companies. Don’t get us wrong, financial services are, and will always be, a pillar of Lower Manhattan, but with more than 600 technology companies now calling Downtown home, and scores more on the way, Lower Manhattan is teeming with new possibilities.
This renaissance is rooted in the same reasons the area has a 400-year history of innovation dating back to the time of the Dutch: Lower Manhattan is a regional crossroads that possesses unparalleled transportation access, readily available space with beautiful, sweeping waterfront vistas and proximity to the world’s best and brightest knowledge workers.
This is why the Alliance for Downtown New York has created LaunchLM. This effort is built to champion and nourish the growing technology and innovation sector in Lower Manhattan. Developed in collaboration with a group of technology, venture capital, urban planning and real estate professionals who share a desire to help grow innovation and build community, Launch will advance cohesion and excitement in the sector through events, programming and knowledge sharing.
The New Silicon Valley is the Innovation article in DOWNTOWN’s Spring 2014 edition. If you would like to continue reading this article on the influx of technology companies to Lower Manhattan, you can find it in our latest issue on newsstands now!