First finance, then sports. What next, the high-tech business, too?
New York has long dominated Boston in the financial industry and on certain sports fields. Now a new study suggests the Big Apple is making a raid on the Hub’s home turf by becoming a hot spot for tech start-ups.
New York ranked fourth, ahead of Boston, in a new study rating regions around the world based on the amount of start-up activity this year. In New York, it found, a growing number of software companies are making money faster and creating jobs quickly.
The study, scheduled to be released Tuesday, was issued by Startup Genome, a San Francisco company that conducts research on start-up businesses, and the giant Spanish telecom Telefonica, a company that acquires a lot of start-ups.