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New york city is a global hub for finance fashion art and food and has become a major player in the tech industry with a thriving startup scene the citys history of entrepreneurship dates back to the 19th century when it was a major trading and manufacturing hub today the city has evolved into a hotbed for innovation and creativity attracting entrepreneurs from all over the world the citys five boroughs offer diverse neighborhoods and environments that appeal to different types of entrepreneurs with manhattan being a hub for the tech industry new york citys large and diverse population combined with its status as a global center for commerce and culture has helped to foster a unique and thriving startup scene new york city has a rich history of technological innovation and has been at the forefront of new technologies including ai blockchain and fintech the city is home to many successful startups including etsy wework and warby parker and a vibrant community of incubators accelerators and coworking spaces the city is also home to major corporations creating a robust and diverse economy and is the site of many important cultural events toptier universities in the city such as columbia university and new york university provide a stream of talent and ideas to the startup scene the living wage in the city is 1500 per hour and the unemployment rate is 77 slightly higher than the national average despite these challenges the startup scene continues to thrive due to the dynamic community of entrepreneurs strong economy and worldclass infrastructure the citys unique combination of talent resources and infrastructure make it a prime location for startups looking to make their mark on the world
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