why nyc? why now?

21
Why NYC? Why Now? Why NYC? Why Now? NYC has the talent. The majority of adults in the NYC metro have attended college or received a degree. Over 717,000 of these between the ages of 18 and 44 live within a 30 minute commute of Manhattan and this number is growing by double digits. NYC has the educational base. Over 100 universities and colleges are located in NYC. Twenty rank among the nation’s top schools. Many are highly regarded for programs in STEM. In 2014, over 31,000 post-secondary degrees in STEM were awarded in the NYC metro, over double the number in the Boston metro. And 41,000 post-secondary degrees in STEM were awarded in New York State annually. NYC is diverse. Millions in NYC are bilingual. More than a million speak both Spanish and English very well. Altogether, over 200 languages are spoken here. NYC is a magnet for young adults. Persons age 25-34 grew in number by 230,000 between 2010 and 2014. Those with a college education grew 25% in recent years, double the growth rate reported in Boston. NYC is a global hub for technology. Major high-tech companies like Google, IBM, )DFHERRN /LQNHG,Q %X]]IHHG DQG 0HHWXS DOO KDYH 1<&EDVHG RIÀFHV +LJKWHFK in NYC generates 541,000 jobs and has been growing at a higher rate than jobs in Silicon Valley. NYC is a center for venture capital and innovation. Start ups have raised over $20 billion in tech funding since 2009. Combined, Internet and Mobile & Telecommunications account for 85% of venture capital deals and 68% of dollars invested. Venture capital funding in NYC metro is on track to reach a seven-year high and exceeds investments in New England. NYC is accessible. NYC’s three airports combine to create the largest air transit V\VWHP LQ WKH 86 DQG VHFRQG LQ WKH ZRUOG LQ SDVVHQJHU WUDIÀF 7KH FLW\·V H[SDQVLYH transit network is also one of the most affordable ones in the U.S. NYC has the best quality of life in the world. With over 30,000 restaurants and bars, nearly 3,000 cultural institutions and ten major league sporting teams, NYC is considered the cultural capital of the United States with everything to offer visitors and residents alike. NYC has The Farley Building. Why Farley? Farley has history. The iconic Farley Building in NYC is listed on the National 5HJLVWHU RI +LVWRULF 3ODFHV DQG LV ORFDWHG QH[W WR WKH EXVLHVW WUDQVLW KXE LQ WKH U.S., Penn Station. )DUOH\ KDV ÀEHU 7KH DPRXQW RI ÀEHU DW )DUOH\ LV VR YDVW WKDW LW FRXOG SURYLGH service to an entire medium size city.

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Page 1: Why NYC? Why Now?

Why NYC? Why Now?

Why NYC? Why Now?

NYC has the talent. The majority of adults in the NYC metro have attended college or

received a degree. Over 717,000 of these between the ages of 18 and 44 live within a

30 minute commute of Manhattan and this number is growing by double digits.

NYC has the educational base. Over 100 universities and colleges are located in NYC.

Twenty rank among the nation’s top schools. Many are highly regarded for programs

in STEM. In 2014, over 31,000 post-secondary degrees in STEM were awarded in the

NYC metro, over double the number in the Boston metro. And 41,000 post-secondary

degrees in STEM were awarded in New York State annually.

NYC is diverse. Millions in NYC are bilingual. More than a million speak both Spanish

and English very well. Altogether, over 200 languages are spoken here.

NYC is a magnet for young adults. Persons age 25-34 grew in number by 230,000

between 2010 and 2014. Those with a college education grew 25% in recent years,

double the growth rate reported in Boston.

NYC is a global hub for technology. Major high-tech companies like Google, IBM,

)DFHERRN��/LQNHG,Q��%X]]IHHG�DQG�0HHWXS�DOO�KDYH�1<&�EDVHG�RIÀFHV��+LJK�WHFK�in NYC generates 541,000 jobs and has been growing at a higher rate than jobs in

Silicon Valley.

NYC is a center for venture capital and innovation. Start ups have raised

over $20 billion in tech funding since 2009. Combined, Internet and Mobile &

Telecommunications account for 85% of venture capital deals and 68% of dollars

invested. Venture capital funding in NYC metro is on track to reach a seven-year high

and exceeds investments in New England.

NYC is accessible. NYC’s three airports combine to create the largest air transit

V\VWHP�LQ�WKH�8�6��DQG�VHFRQG�LQ�WKH�ZRUOG�LQ�SDVVHQJHU�WUDIÀF��7KH�FLW\·V�H[SDQVLYH�transit network is also one of the most affordable ones in the U.S.

NYC has the best quality of life in the world. With over 30,000 restaurants and

bars, nearly 3,000 cultural institutions and ten major league sporting teams, NYC is

considered the cultural capital of the United States with everything to offer visitors

and residents alike.

NYC has The Farley Building.

Why Farley?Farley has history. The iconic Farley Building in NYC is listed on the National

5HJLVWHU�RI�+LVWRULF�3ODFHV�DQG�LV�ORFDWHG�QH[W�WR�WKH�EXVLHVW�WUDQVLW�KXE�LQ�WKH�U.S., Penn Station.

)DUOH\�KDV�ÀEHU��7KH�DPRXQW�RI�ÀEHU�DW�)DUOH\�LV�VR�YDVW�WKDW�LW�FRXOG�SURYLGH�service to an entire medium size city.

Page 2: Why NYC? Why Now?

Why NYC? Why Now?

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NYC’s Tech Ecosystem

!Medium/Large Tech Companies Start Ups and Incubators Top STEM Universities

Page 3: Why NYC? Why Now?

Why NYC? Why Now?

NYC universities awarded more post-secondary

STEM degrees than Boston/Cambridge universities

combined in 2014. New York City also has one of the

highest percentages of degree holding individuals,

with the majority of those age 25 and up with some

college or a degree; and when graduates choose

where to locate they overwhelming choose New York

&LW\�RYHU�%RVWRQ��6SHFLÀFDOO\��0DQKDWWDQ�LV�ERRPLQJ�as the number of educated adults ages 18 to 44

within a 30-minute commute of Manhattan jumped

by 172,000 people, skyrocketing 32% to reach over

717,000 in 2010.

Source: The Brain Game: 2015 Update, Downtown Alliance.

Competitive Talent Pool

Post-Secondary STEM Degrees

Awarded, 2014

NY Statewide 41,621

NYC MSA 31,201

Boston MSA 15,454

Denver MSA 5,248

Net Creative Class Migration 2009-2011

New York-Northern New Jersey-Long Island

3,978

Boston-Cambridge-Quincy 3,712

'HQYHU�$XURUD�%URRPÀHOG 1,977

Percent Change in Number of College

Graduates Aged 25-34 (2000-2012)

New York City 25%

Boston 12%

Source: EMSI

Source: 2013 Annual Meeting of the Association of American Geographers

Source: Joe Cortright, City Observatory

Why NYC? Why Now?

Page 4: Why NYC? Why Now?

There are numerous colleges and universities in

the NYC metro area. Many of these schools are

highly regarded for their STEM programs.

Competitive Talent Pool

Why NYC? Why Now?

The following are examples of some of the best schools with STEM programs in the

NYC metro area:

CUNY Bernard M Baruch College 55 Lexington Ave, New York, NY

CUNY Graduate School and University Center 365 5th Ave, New York, NY

Cooper Union for the Advancement of Science and Art 30 Cooper Sq, New York, NY

The NYU Tandon School of Engineering 6 MetroTech Center, Brooklyn, NY

CUNY Hunter College 695 Park Ave, New York, NY

Rockefeller University 1230 York Ave, New York, NY

Weill Cornell Medical College 4805, 1300 York Ave, New York, NY

Pace University - New York 1 Pace Plaza, New York, NY

CUNY New York City College of Technology 300 Jay St, Brooklyn, NY

Icahn School of Medicine at Mount Sinai 1428 Madison Ave, New York, NY

Columbia University in the City of New York 116th St & Broadway, New York, NY

CUNY City College 160 Convent Ave, New York, NY

Vaughn College of Aeronautics and Technology 8601 23rd Ave, East Elmhurst, NY

SUNY Downstate Medical Center 450 Clarkson Ave, Brooklyn, NY

CUNY Brooklyn College 2900 Bedford Ave, Brooklyn, NY 11210

New Jersey Institute of Technology 150 Bleeker St, Newark, NJ 07102

Rutgers University: Newark 190 University Ave, Newark, NJ 07102

CUNY Queens College 65-30 Kissena Blvd, Flushing, NY 11367

CUNY York College 94-20 Guy R Brewer Blvd, Jamaica, NY 11451

St. Johns University: New York 8000 Utopia Pkwy, Jamaica, NY 11439

Manhattan College 4513 Manhattan College Pkwy, Bronx, NY 10471

CUNY College of Staten Island 2800 Victory Blvd, Staten Island, NY 10314

William Patterson University of New Jersey 300 Pompton Rd, Wayne, NJ 07470

Adelphi University 1 South Ave, Garden City, NY 11530

Mercy College 555 Broadway, Dobbs Ferry, NY 10522

Molloy College �����+HPSVWHDG�$YH��5RFNYLOOH�&HQWUH��1<������

St. Thomas Aquinas College 125 NY-340, Sparkill, NY 10976

Long Island University Post 720 Northern Blvd, Brookville, NY 11548

Hofstra University +HPSVWHDG��1<������

New York Institute of Technology 1855 Broadway, New York, NY 10023

Webb Institute 298 Crescent Beach Rd, Glen Cove, NY 11542

Page 5: Why NYC? Why Now?

Competitive Talent Pool

Why NYC? Why Now?

LanguagesWith more than 3 million foreign-born residents from more than 200 different

countries, New York is home to one of the most diverse populations in the

world. New Yorkers come from every corner of the globe and speak over 200

different languages. Nearly one-half of all New Yorkers speak a language

other than English at home.

New York City Boston Denver

Spanish 1,343,788 149,465 138,945

French 83,551 32,697 7,280

Italian 108,148 23,018 138,945

Russian 87,091 15,607 6,289

Korean 41,444 7,890 4,379

Arabic 71,329 23,391 7,148

Japanese 15,459 4,502 2,498

Chinese 489,851 95,056 12,092

Hindi 50,983 15,042 3,103

Percent of Population that Speak Languages other than English

Page 6: Why NYC? Why Now?

Competitive Talent Pool

Why NYC? Why Now?

Universities in the NYC metro area

engaged in $3.3 billion dollars of academic R&D – more than any other

metro in the U.S.

Source: National Center for Education Statistics, IPEDS database, 2013

A magnet for young adults, persons age 25-34 grew by 230,000+

between 2010 and 2014.

Source: U.S. Census 2010 and 2014 American Community Survey (1 year estimates)

Since 2000, the number of creative and professional workers living within

a 30-minute commute of Manhattan

has grown by 90,000 – a gain of 18.5%.

Source: DowntownNY.com The Brain Gain 2015 Update

The majority of adults in the New York

Metro have some college or a degree.

Those with a doctorate or professional degree are over 3 times more common here than across the nation.

Source: US Census 2014 American Community Survey (1 year estimates)

3,386,687

NYC MSA

1,566,910

Boston

MSA

912,909

Denver

MSA

792,892

San Francisco

MSA

NYC Residents with at least a

Bachelor’s Degree

Source: US Census Bureau, American Community Survey, 2014.

Page 7: Why NYC? Why Now?

Competitive Talent Pool

Why NYC? Why Now?

CUNY Energy Institute, headquartered at City College of

New York, produces cutting-edge research and develops

innovative sustainable energy technologies that have

practical and economical applications. The focus area of the

institute’s faculty includes: energy storage, nuclear, and oil

and gas.

NYU’s School of Engineering’s Bioengineering Program

mission is to provide excellence in education and training,

and to facilitate research leading to the discovery and

development of new rationally-engineered materials,

devices, technology, and biomolecular agents for medicine.

Columbia University’s Electrical Engineering Department

focuses on research areas that include: signal and

information processing; networking and communications;

micro devices and physical principles; systems biology and

neuroengineering; and integrated circuits and systems.

Center for Information Networking and Telecommunications

(CINT), located at City College, focuses on research and

GHYHORSPHQW�LQ�WKH�ÀHOGV�RI��QHWZRUN�VHFXULW\��PRELOH�networks; sensor and ad-hoc networks; cloud and

information networks; integrated wired/wireless networks;

and information distribution networks.

Page 8: Why NYC? Why Now?

New York has proven its worth as an innovation hot spot

IRU�ÁHGJOLQJ�Start Ups. The “Big Apple” was once known

DV�WKH�ÀQDQFLDO�FDSLWDO�RI�WKH�ZRUOG��EXW�ZLWK�HPHUJLQJ�new technologies, it’s fast becoming a tech capital. In the

past 10 years New York’s high tech companies have grown

exponentially, drawing in the best and brightest talent. In fact,

high tech companies in NYC generate 541,000 jobs and $125

billion in annual economic output.

Strength in Technology Sector

Why NYC? Why Now?

Google Eighth Ave and West 15th St

IBM Madison Ave & E 57th St

IBM Watson Group Astor Place

Microsoft (Technology Center) 11 Times Square

Xerox Midtown East

Siemens Corporation Madison Ave & E 54th St

Facebook Broadway & E 8th St

MasterCard Analytics 114 Fifth Ave & 17th St

First Data Corporation Liberty Street

LinkedIn 350 Fifth Ave

Shutterstock Images 350 Fifth Ave

LexisNexis 230 Park Ave

Uber 261Eleventh Ave

Wellcome Group 261 Eleventh Ave

Thelab LLC 271 Eleventh Ave

Taboola 28-40 W 23rd St

AppNexus 40 W 23rd St

Vice 90 N 11th St

Buzzfeed 225 Park Ave S

Cash Edge 215 Park Ave S

MeetUp 632 Broadway

Double Click 450 W 33rd St

Etsy 55 Washington St #512

ZocDoc 568 Broadway #901

IAC/InterActive 555 W 18th St

Soundcloud 50 W 23rd St

Tumblr 35 E 21st St

Hulu 79 Fifth Ave

Square 375 W Broadway

L3 600 3rd Ave

MongoDB 229 W 43rd St

OnDeck Captial 1400 Broadway

Blue Apron 5 Crosby St

Buddy Media 155 6th Ave

FanDuel 19 Union Square West

Gilt Groupe 2 Park Ave

MakerBot One MetroTech Center

Seamless 1065 Avenue of Americas

Oscar 295 Lafayette St

Palantir 15 Little W 12th St

ShopKeep 143 Varick St

Sprinklr 29 W 35th St

Tremor Video 1250 Broadway

Varonis 1250 Broadway

Warby Parker 161 Avenue of the Americas

WeWork 115 W 18th St

Zeta Interactive 185 Madison Ave

There are a vast number of tech companies located in NYC. New York City now has 395 digital companies with 10+ employees. Everyday more major tech companies are opening locations in New York

City such as Google, Buzzfeed, Facebook and LinkedIn. The city maintains a list by location of tech startups

on the Digital NYC website which currently lists nearly 1,000 companies. NYC is also home to many

PHGLXP�DQG�ODUJH�WHFK�ÀUPV��DV�ZHOO�DV�WKH�WHFKQRORJ\�EDVHG�IXQFWLRQV�RI�PDMRU�FRPSDQLHV�LQFOXGLQJ��

Page 9: Why NYC? Why Now?

Why NYC? Why Now?

Strength in Technology Sector

JPMorgan Chase leased 123,000 square feet at 450 West

33rd Street and will relocate its tristate digital teams to the

new location, which is two blocks from Farley.

Source: The Real Deal

Markit�OHDVHG�D�IXOO�ÁRRU���������VTXDUH�IRRW�VSDFH�DW�450 West 33rd in order to have all of its employees on

RQH�ÁRRU�WR�HQFRXUDJH�FROODERUDWLRQ�DQG�LGHD�JHQHUDWLRQ�exchange.

Source: The Real Deal

eBay opened a “technology center” at 625 6th Ave in

2012. The employees at this location are focused solely on

developing new programs to enhance user experience.

Source: The Real Deal

Time Inc. is moving its technology, content solutions and

innovations departments to a 55,000 square foot facility in

Industry City, Brooklyn.

Source: Bloomberg

0DQ\�FRPSDQLHV�DUH�VWDUWLQJ�WR�WDNH�DGYDQWDJH�RI�ROG�RIÀFH�VSDFH�E\�UHQRYDWLQJ�it to become the hub for their tech and digital teams. As millennials rely on

collaboration and the exchange of ideas to help come up with new products and

innovations companies like JPMorgan and Time Inc. are turning to New York’s many

buildings to create the needed environment.

Page 10: Why NYC? Why Now?

Why NYC? Why Now?

New York City has more tech jobs than Boston/Cambridge

New York City digital employment increased by 6.3% as the city added 2,930 jobs in Q2 2015.

Boston added 950 jobs for

a 5.0% increase in digital

employment.

150,000

140,000

130,000

120,000

110,000

100,000

90,000

80,000

70,000

2003 2005 2007 2009 2011 2013 2015 2017(PROJ.)

NYC

Boston/Cambridge

2019(PROJ.)

2021(PROJ.)

2023(PROJ.)

2025(PROJ.)

125,047

109,183

Tech Jobs

Source: EMSI

Strength in Technology Sector

New York’s quarterly

employment growth

has been greater than Boston’s for 12 of the past 14 quarters.

Source: ON Search Partners’ Digital Jobs Index

Tech employment grew 57% between 2007 and 2014, faster than in Silicon Valley (36%).Source: Federal Reserve Bank of New York, Will Silicon Alley Be the Next Silicon Valley, July 6, 2015

High tech companies in NYC generate 541,000 jobs and $125 billion in annual economic output.Source: HR&A Advisors, The New York City Tech Ecosystem: Generating Economic Opportunities for All New Yorkers.

High tech companies in NYC grew four times faster than the rest of the City’s economy.Source: NYS Comptroller, New York City’s Growing High-Tech Industry, April 2014.

Page 11: Why NYC? Why Now?

Why NYC? Why Now?

2007 2008 2009 2010 2011 2012 2013 2014 2015

Financial Services

Tech

50%

40%

30%

20%

10%

0%

-10%

-20%

Gro

wth

sin

ce

20

07

NYC Employment Growth Since Pre-Recession

Strength in Technology Sector

Technology is leading NYC’s post-recession job growth.

Page 12: Why NYC? Why Now?

Why NYC? Why Now?

2003 2005 2007 2009 2011 2013 2015(Thru Q3)

$6B

$5B

$4B

$3B

$2B

$1B

New England

NYC Metro

$0

VC Investment

Magnet for Venture Capital and Innovation

New York is one of the top markets for

tech funding in the United States, with

local startups raising over $20B across

3,800 deals since 2009. Deal activity has

increased every year since 2009, reaching

890 deals in 2014. Funding is on track

to reach a 7-year high in 2015, with over

$3.8B in funding already this year.

Ranks higher than the Los Angeles and Chicago metro areas in its Innovation Index.New York ranked second behind California in terms of deals and total funding, and ahead of Massachusetts.Source: http://www.statsamerica.org/innovation/innovation_index/region-select.html

Combined, Internet and Mobile & Telecommunications accounted for 85% of all VC deals and 68% of dollars invested in New York in Q2 2015.Source: NYCEDC Economic Research and Analysis, Tech Trends & Insights, October 2015

Captured $5.3 billion in venture capital in 2014 across all sectors.Source: PricewaterhouseCoopers Money Tree Report

Venture capital funding grew 181% between 2010 and 2014 in the New York Metro.Source: PricewaterhouseCoopers Money Tree Report

Source: PWC Moneytree

VC Investment by Region, 2015 (through Q3)

Silicon Valley: $23.1 billion

NYC Metro: $5.5 billion

New England: $5.0 billion

LA Metro: $4.1 billion

NYC overtook New England in VC investment in 2014.

Page 13: Why NYC? Why Now?

13Why NYC? Why Now?

500 Startups 386 Park Avenue

Offers a four-month program that provides mentorship, hands-on sessions with startup

H[SHUWV��DQG�D�JUHDW�RIÀFH�VSDFH�ZKHUH�FRPSDQLHV�FDQ�ZRUN�ZLWK�RWKHU�IRXQGHUV�

Betaworks Studio29 Little W 12th St

Assists internet startups in making essential products that thoughtfully combine art and

science.

CUNY Sustainable Works NYC75 Park Place

+DV�VXFFHVVIXOO\�GHYHORSHG�D�FROODERUDWLYH�SURFHVV�WKDW�HQDEOHV�WKH�VRODU�PDUNHW���CUNY Sustainable Works is working to leverage that platform to enable the market for

other cleantech innovations and processes utilizing CUNY’s institutional strengths and

partnerships.

Dreamit394 Broadway

Provides early stage entrepreneurs with resources, advisors, investors, strategic partners,

and customers looking for innovative solutions.

Entrepreneurs Roundtable Accelerator500 7th Avenue

Offers a four-month program that combines hands-on help, seed capital, a great co-

working location, and an expert leadership team.

Friends of EBay625 6th Ave

6XSSRUWV�1<&�WHFK�FRPSDQLHV�WKURXJK�IUHH�RIÀFH�VSDFH��PHQWRUVKLS��DFFHVV�WR�RXU�network of entrepreneurs, business leaders, and investors, along with the chance to work

DORQJVLGH�VRPH�RI�WKH�EULJKWHVW�PLQGV�LQ�WKH�ÀHOG�

Grand Central Tech 335 Madison Avenue

A community of startups and strategic partners that breaks from the traditional

accelerator model by providing an unparalleled value proposition.

Incubator 39 142 East 39th Street

A technology incubator, accelerator, and co-working space which strives to provide

promising startups the ability to thrive in the heart of New York City.

Ingk Labs 101 Fifth Avenue

Builds companies leveraging IP focused on commerce, customer service, natural

language & machine intelligence, analytics & tracking, reputation management, social

data aggregation and social noise reduction.

Metellus Group244 Fifth Avenue

Believes business is a force for good and invests in startups that help people.

Samsung Accelerator 30 West 26th St

Provides strategic capital, product support, and independence to seasoned entrepreneurs

so they can build market-driven software and services.

Spark Labs833 Broadway

Devoted to the success of startups, growing businesses, consultants & freelancers in the

tech and media industries. They provide quality workspace, a community of innovators,

events and networking, and maximum support from their infrastructure and partners.

Startup EcologyChelsea

A new type of accelerator/incubator/school located in Chelsea for startups that is a

cradle to exit model. Nobody gets voted out, but everybody must prove they belong.

Techstars1407 Broadway

Offers a three-month mentorship-driven accelerator program as well as access to over 1.5

million people across the Techstars ecosystem.

The Founder Institute New York

Serves to “globalize Silicon Valley” by “providing high-potential entrepreneurs with expert

training, critical objective feedback, and peer support in the early stages of building a

company.” The Founder Institute offers a four-month program that covers various topics

critical for startups, from startup legal issues to fundraising.

The Hatchery 1601 Broadway

A venture collaboration forum, building a community of entrepreneurs, emerging

companies, and investors, via its events, advisory services, and incubator.

Tipping Point Partners 86 Chambers Street

1RW�D�WUDGLWLRQDO�YHQWXUH�ÀUP�RU�LQFXEDWRU��WKH\�FUDIW�SDUWQHUVKLSV�ZLWK�HQWUHSUHQHXUV�VSHFLÀF�WR�WKHLU�QHHGV�DQG�UHVRXUFHV�ZLWK�D�VSHFLÀF�IRFXV�RQ�VRIWZDUH�

WeWork Labs, 175 Varick StMultiple locations throughout NYC where it leases 1.6 million square feet to StartUps and

other companies to help foster collaboration and innovation.WeWork, 25 Broadway

WeWork, 222 Broadway

Work-Bench 110 Fifth Avenue

An enterprise technology growth accelerator that scales enterprise technology companies

by providing community and workspace, connects exceptional builders to Fortune 500

buyers, and co-invests in extraordinary founders tackling enormous markets.

Magnet for Venture Capital and Innovation

1HZ�<RUN�&LW\�LV�D�SURYHQ�OHDGHU�LQ�WKH�+LJK�7HFK�,QGXVWU\��and couldn’t have done this without its several start up business incubators��7KHVH�LQFXEDWRUV�QRXULVK�ÁHGJOLQJ�EXVLQHVVHV�E\�SURYLGLQJ�PHQWRUVKLS��FRVW�HIÀFLHQW�RIÀFH�space, and even seed capital in many cases.

Page 14: Why NYC? Why Now?

The New York City metropolitan area’s JFK International, LaGuardia, and Newark Liberty International airports combine to create the largest

airport system in the United States, second in the world

LQ�WHUPV�RI�SDVVHQJHU�WUDIÀF��DQG�ÀUVW�LQ�WKH�ZRUOG�LQ�WHUPV�RI�WRWDO�ÁLJKW�RSHUDWLRQV��,Q������-).��/*$�DQG�EWR served 53.3, 35.6 and 26.9 million respectively.

Transportation Infrastructure

Why NYC? Why Now?

Airport

Number of Non-Stop Domestic

Destinations

Number of Non-Stop

International Destinations

New York City Metro 112 127

Logan (BOS) 70 50

Denver (DEN) 152 19

Airport

Number of Non-Stop Domestic

Flights Daily

Number of Non-Stop

International Flights Daily

Number of Total Non-

Stop Flights Daily

Newark (EWR) 271 106 377

John F. Kennedy (JFK) 266 224 490

LaGuardia (LGA) 447 56 503

LaGuardia Airport Renovations

Plan will unite airport’s four

disconnected terminals

Will include retail and dining space;

a hotel; a conference and business

center and other modern features

The amenities also will include

transportation features such as an

AirTrain, ferry service and a people

mover to help passengers traverse the

entire airport

0RUH�ÁLJKW�RSHUDWLQJ�VSDFHConstruction of a new East Parking

Garage

Approximately 1,100 vehicle spaces

will be included in the new lot

JFK Airport Renovations

Creating master plan

Saarinen building is going to be

constructed into a new, state-of-the-

art hotel

World-class restaurants

500+ guestrooms

40,000 square feet of event and

meeting space

10,000 square-foot public

observation deck

Page 15: Why NYC? Why Now?

7UDLQ�+DOO�)RRW�7UDIÀF1HZ�<RUN�&LW\�LV�KRPH�WR�WZR�RI�WKH�PRVW�WUDIÀFNHG�WUDLQ�VWDWLRQV�LQ�WKH�8QLWHG�States. Penn Station and Grand Central Station serve millions of commuters and

travelers every year through the train and subway services.

Transportation Infrastructure

Moynihan Station In FY 2014, just over 10 million riders took Amtrak either to

or from Penn Station. Amtrak will be shifting its operations

WR�0R\QLKDQ�6WDWLRQ�VR�WKHVH�ULGHUV�ZRXOG�ÁRZ�WKURXJK�the new station. Source: Amtrak National Fact Sheet. In

addition, Moynihan will become a destination in its own right

attracting non-commuting residents and tourists (as a point

of comparison, Union Station (DC), after its revitalization,

attracts 14.5 million local residents and 8 million tourists

each year.)

Source: RPA

Penn Station600,000 - 650,000 visitors daily, the busiest transit hub in

the US, Penn Station provides access to Long Island from the

LIRR and New Jersey with the New Jersey Transit.

6RXUFH��$PWUDN�6HQLRU�&RPPXQLFDWLRQV�2IÀFHU�TXRWHG��'HYHORSPHQW�RI�WKH�0R\QLKDQ�&RPSOH[��HVWLPDWH�from January 2015

Grand Central750,000 people pass through daily. The terminal serves

commuters traveling on the Metro-North Railroad to

Westchester, Putnam, and Dutchess counties in New

<RUN�6WDWH��DQG�)DLUÀHOG�DQG�1HZ�+DYHQ�FRXQWLHV�LQ�Connecticut.

Source: GCT

Why NYC? Why Now?

Page 16: Why NYC? Why Now?

Quality of Life

Why NYC? Why Now?

Number of Restaurants/Bars

Full-service restaurants 16,251

Counter service restaurants 18,780

Bars, taverns, and nightclubs 2,657

Number of Cultural Institutions

Museums/Cultural Awareness Centers/Art 166

Performing Arts Venues 35

Broadway Theatres 40

Zoos/Gardens 14

Historic Homes 40

Other Attractions 8

Major NYC EventsNew York is the entertainment capital of the world. NYC is not only appealing to the

eye with all of its twinkling lights, but it has plenty to follow up with. Along with the

world renowned Broadway theaters, there is an abundance of famous restaurants,

parks and attractions.

Major annual events in NYC 155

Major annual events in Boston 65

Major annual events in Denver 129

Page 17: Why NYC? Why Now?

Quality of Life

Times Square New Year’s Eve Ball Drop

Nothing compares

to the exhilaration of

watching the Times

Square Ball Drop.

Macy’s Fourth of July Fireworks

$ZH�LQVSLULQJ�ÀUHZRUNV�celebrate the nation’s

independence.

Macy’s Thanksgiving Day Parade (and Balloon ,QÁDWLRQ�

There’s nothing like

seeing the country’s

greatest Thanksgiving

Day procession in

person. Giant helium

balloons of Snoopy,

Kermit the Frog and

other kids’ favorites

are just the beginning;

WKHUH�DUH�DOVR�ÁRDWV��celebrity performers,

marching bands and

Broadway musical

numbers.

Rockefeller Center Tree Lighting

The lighting of the

towering tree is a

sight to behold, and

the lighting ceremony

features celebrities,

musical performances

and more.

Like no other

Frieze New York The contemporary art fair with scores

of galleries represented from around

the world.

Shakespeare in the Park

The play’s the thing all summer long,

as the Public Theater serves up great

classics at the open-air Delacorte

Theater in Central Park.

Museum Mile Festival

The City’s most celebrated museums

open their doors for free. Street

activities add to the fun including live

music, performers and art for kids.

Lincoln Center Festival

Since 1996, the highly anticipated

Lincoln Center Festival has

showcased the best in opera,

chamber music, theater, multimedia

performance, ballet, modern dance

and multidisciplinary works.

New York Fashion Week

The who’s who of the fashion

descends on the world’s fashion

capital for two weeks.

NYC Pride Week LGBT-pride celebrations around

the City include rallies, parties, a

5-mile race and marches. The week

culminates with a grand parade from

Midtown to Greenwich Village.

NYC Food & Wine Festival

The four-day festival hosts the

world's greatest chefs, winemakers,

spirits producers and personalities

to educate palates and entertain

attendees in high style.

New York Comic Con

This celebration brings together the

latest in American and Japanese pop

FXOWXUH��VKRZFDVLQJ�WKH�ÀQHVW�FRPLF��books, anime, manga, video games,

live-action Japanese cinema, fashions

and food.

Village Halloween Parade

Greenwich Village hosts the biggest

+DOORZHHQ�EDVKHV�LQ�WKH�FRXQWU\�ZLWK�anyone in costume welcome to join in.

Arts & CultureNYC is home to more world-class arts and cultural institutions than anywhere in the US.

Why NYC? Why Now?

Page 18: Why NYC? Why Now?

Quality of Life

SummerStage in Central Park

Free live music of

every genre at this

annual outdoor concert

series held at Rumsey

3OD\ÀHOG�LQ�&HQWUDO�Park as well as parks

in Brooklyn, Queens,

the Bronx and Staten

Island.

CMJ Music Marathon and Film Festival

)RU�ÀYH�GD\V�DQG�nights, more than

1,300 artists and

120,000 fans take over

more than 80 of the

City’s nightclubs and

theaters for New York

City’s largest music

festival.

The Metropolitan Opera

The Metropolitan Opera

is the preeminent

opera house in the

United States, if not the

world.

New York Philharmonic Concerts in the Parks

Free concerts city-wide

courtesy of the New

York Philharmonic.

Lincoln Center Out of Doors

The free summer music

fest offers dozens of

live performances for

the whole family.

Music

Tribeca Film Festival

7KH�ODUJHVW�LQWHUQDWLRQDO�ÀOP�IHVWLYDO�in the United States with hundreds of

movies shown in venues citywide and

panel discussions.

New York International Children’s Film Festival

The play’s the thing all summer long,

as the Public Theater serves up great

classics at the open-air Delacorte

Theater in Central Park.

New York Film Festival

The Film Society of Lincoln Center

presents a collection of international

cinema, including world premieres,

H[SHULPHQWDO�ÀOPV�DQG�SDQHO�discussions.

New York Jewish Film Festival

Presented by The Jewish Museum

and the Film Society of Lincoln

Center, this global survey of

innovative and provocative movies

focuses on the Jewish experience.

Brooklyn Film Festival

7KLV�ÀOP�IHVWLYDO�VHHNV�WR�GLVFRYHU��expose and promote independent

ÀOPPDNHUV�ZKLOH�GUDZLQJ�ZRUOGZLGH�attention to Brooklyn as a center for

cinema.

New Directors/New Films

Presented by the Museum of Modern

Art and Film Society of Lincoln

Center, this noncompetitive festival

features the work of emerging

ÀOPPDNHUV�LQ�DOO�FDWHJRULHV³dramatic, documentary, animated,

experimental and more.

Fusion Film Festival

Mounted by NYU, this festival has

been promoting the works of women

LQ�ÀOP��WHOHYLVLRQ�DQG�QHZ�PHGLD�IRU�more than 10 years with a mix of

screenings, master classes, panels

and pitch meetings.

Havana Film Festival

Week-long festival featuring

documentaries, full-length features,

VKRUW�ÀOPV�DQG�DQLPDWLRQ�IURP�&XED��the Caribbean, Mexico, and Central

and South America.

Film1<&�LV�D�PHFFD�IRU�ÀOP�IHVWLYDOV�

Why NYC? Why Now?

There is not a band big or small that doesn’t tour NYC.

Page 19: Why NYC? Why Now?

Quality of Life

US Open Tennis Championships

America’s foremost tennis

tournament takes place at the USTA

Billie Jean King National Tennis

Center in Queens.

TCS New York City Marathon

Both amateur and world-class

professional athletes race 26.2 miles

WKURXJK�WKH�ÀYH�ERURXJKV��

TD Five Boro Bike Tour

More than 30,000 cyclists ride across

DOO�ÀYH�ERURXJKV�RQ�VWUHHWV�IUHH�RI�WUDIÀF��HQGLQJ�ZLWK�D�FHOHEUDWRU\�festival with food, bike-related

exhibits and tour gear for sale.

SportsNYC loves sports and has the fans to prove it.

Why NYC? Why Now?

NYC is also home to 10+ major professional sports teams:

YankeesMetsGiantsJetsKnicksNetsLibertyRangersIslandersNYC Football Club

Page 20: Why NYC? Why Now?

SchoolsIn and close to New York City there are many

excellent choices for public schools. 20 of

US NEWS & WORLD REPORT’s top 500

schools are in New York City. In the New

York City metropolitan area there are 46

VFKRROV�FHUWLÀHG�DV�%OXH�5LEERQ�VFKRROV�E\�the U.S. Department of Education www2.

ed.gov/programs/nclbbrs/index.html. That

compares to only 11 in the Boston area and

6 in or near Denver. 13 are right in New York

City itself. Brooklyn: PS 11, 100, 222, 247,

254, 277, 682; Queens: PS 46, 66, 205,

221, 244; Staten Island: PS 5.

Further, the premier high school program

available in the world, the International

Baccalaureate Progamme (called IB) http://

www.ibo.org/about-the-ib/ can be found

at 64 schools in the New York City metro

area, compared to 11 in the entire State of

Massachusetts and 32 in all of Colorado.

Quality of Life

Why NYC? Why Now?

Page 21: Why NYC? Why Now?

$FFRUGLQJ�WR�D������VWXG\�GRQH�E\�WKH�1HZ�<RUN�&LW\�'HSDUWPHQW�RI�+RXVLQJ�Preservation and Development, there are over 75,000 available rental units in the

city. Available apartments are plentiful, and the median rent has proved average

among many up and coming cities. New York City and its surrounding boroughs

have much to offer young up and coming professionals. There is a community with

available housing for everybody.

Quality of Life

Why NYC? Why Now?

Highest Median 1-Bedroom Rent among major US citiesSan Francisco: $3,670

New York City: $3,280

Boston: $2,400

Source: Zumper

Home Price Index (High to Low)San Francisco: 216.46

Boston: 184.80

NYC: 182.21

Source: S&P/Case-Shiller 10-City Composite Home Price Index as of September 2015

Although NYC’s cost of living is high, its expansive and low-cost transit network allows residents to compensate by saving on transportation costs.

Source: U.S. Department of Housing and Urban Development, Location Affordability Portal – Volume 1 (accessed July 10, 2014). www.locationaffordability.info/lai.aspx

NYCSan FranciscoPhiladelphiaChicagoBostonMiamiSeattleWashington, DCDetroitLos AngelesDallasAtlantaHoustonColumbusAustinSan AntonioPhoenixIndianapolisSan DiegoJacksonvilleRiversideSan Jose

$0

(dollars in thousands)

$2 $4 $6 $8 $10 $12

Annual Transportation Costs for a Typical

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Housing