Economy of New York City supported by its entrepreneurship ecosystem and venture capital investments. In the first half of 2014, Silicon Alley generated over US$2.1 billion in venture capital investment across a broad spectrum of high technology industries, most based in Manhattan, or alternatively, Brooklyn. High technology startup companies and employment are growing in New York City and the region, bolstered by the city's position in North America as the leading Internet hub and telecommunications center, including its vicinity to several transatlantic fiber optic trunk lines, New York's intellectual capital, and its extensive outdoor wireless connectivity. According to New York’s Economic Development Corporation, telecom carriers,
Silicon Forest Silicon Forest Silicon Forest is a nickname for the cluster of high-tech companies located in the Portland metropolitan area in the U.S. state of Oregon, and most frequently refers to the industrial corridor between Beaverton and Hillsboro in northwest Oregon. The name is analogous to Silicon Valley. In the greater Portland area, these companies have traditionally specialized in hardware — specifically test-and-measurement equipment (Tektronix), computer chips (Intel and an array of smaller chip manufacturers), electronic displays (InFocus, Planar and Pixelworks) and printers (Hewlett-Packard Co, Xerox and Epson). There is a small clean technology emphasis in the area. Silicon Forest can