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NYC Tech Companies Relocating Downtown To Expand On Silicon Alley

The five tech companies will be moving to or expanding their facilities in lower Manhattan, traditionally the haunt of finance types.

Back in September, the Bloomberg administration started a contest to lure New York City's tech, media, and design firms to lower Manhattan by granting them prizes of up to $250,000 to relocate out of the usual haunts, such as Silicon Alley.

The five winning companies, announced last night, are Paperless Post, the Flatiron School, STELLAService, Booker, and Grapeshot. Each will receive $250,000 to relocate or expand operations in the lower part of the city, which will give a dose of tech and hip to the city's traditionally sleepy Financial District.

[Image: Flickr user nosha]

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  • dfrieson

    This is an interesting move as I though most spaces downtown are smaller than spaces above 23rd!