New York (state) States, while Midtown Manhattan is the largest central business district in the nation. Silicon Alley, centered in New York City, has evolved into a metonym for the sphere encompassing the New York City metropolitan region's high technology and entrepreneurship ecosystem; in 2015, Silicon Alley generated over US$7.3 billion in venture capital investment. High tech industries including digital media, biotechnology, software development, game design, and other fields in information technology are growing, bolstered by New York City's position at the terminus of several transatlantic fiber optic trunk lines, its intellectual capital, as well as its growing outdoor wireless connectivity. In December
CADRE Laboratory for New Media is the second oldest media lab in the United States and has a long and notable list of alumni. CADRE offers BFA and MFA degrees in Digital Media Art. CADRE has published SWITCH, an online journal of new media, since 1995. SWITCH and CADRE were early centers of the net.art movement that coincided with the Dot-com bubble in nearby Silicon Valley. The CADRE labs have historically worked closely with the ZeroOne Biennial, one of the foremost new media art exhibitions in the world. In 2006, CADRE, along with SJSU served as the academic hosts for the ISEA symposium and ZeroOne