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 Slopes Lake City would be one of the next places to receive Google Fiber. Construction is currently ongoing, but significant progress has been made, and residents and businesses will soon be able to sign-up for lightning-fast internet service. Requests for business permits in the area have drastically increased in response to the soon-to-be-available service. The State of Utah has offered a variety of incentives to encourage large tech companies to call Utah home, and the Silicon Slopes uprising would suggest that these perks have been motivating. The Utah Governor's Office of Economic Development allows a variety of grants and tax incentives