Silicon Alley rapid halt during the early 2000s recession. During this economic contraction, many internet companies in Silicon Alley folded. The recession also affected publications that covered the sector. After the dot-com bust, the "Silicon Alley Reporter" was rebranded as "Venture Reporter", in September 2001, and sold to Dow Jones. Self-financed AlleyCat News ceased publication in October 2001. A couple of years after the dot-com bust, Silicon Alley began making its comeback with the help of NY Tech Meetup, and NextNY. On December 19, 2011, then Mayor Michael R. Bloomberg announced his choice of Cornell University and Technion-Israel Institute of Technology to
Silicon Gulf 2006 and has revitalized its membership which now includes the ICT educational and technical training institutions, the sub-sector association of IT-enabled and BPO services such as contact centers, transcription providers, FOSS users, IT software and hardware vendors, i-Café operators and inventors. Silicon Gulf Silicon Gulf is a nickname for Davao City and extends to the Davao Region, at Southern Mindanao, Philippines. The nickname refers to the growing number of information technology and IT enabled services (ITES) companies sprouting in the area. The name was adapted from Silicon Valley, referring to the high tech cluster in the San Francisco Bay Area