whether formal or informal these businesses lack the infrastructure equipment access to materials and markets which any firm of any size anywhere needs to expand and create higher quality jobs the net result is low employment generation in the colombian capital as a whole the bulk being in the informal sector this was confirmed by findings of unhabitat s city prosperity initiative recently implemented in colombian cities technical assistance and strategic temporary subsidies would enable smaller firms to overcome these obstacles leveraging them into higher efficiency and breaking the current cycle of low productivity this is an effective policy to consider as noted earlier over per cent of new york businesses employ fewer than staff but since per cent of new firms employ fewer than five highend new york firms are now mostly located in brooklyn where fixed costs are lower than in manhattan turning new york into the second silicon valley of the us