Silicon Alley Silicon Alley Silicon Alley, centered around the Flatiron district in Manhattan, is an area of high tech industries. The term was coined in the 1990s during the dot-com boom, as a reference to <nowiki>"Silicon Valley", the tech center in California. As the New York tech industries began a revival around 2003, the businesses spread outside of Manhattan making the term 'Silicon Alley'</nowiki> somewhat obsolete. , New York City hosted 300,000 employees in the tech sector. In 2015, New York generated over US$7.3 billion in venture capital investment. High technology startup companies and employment are growing in New York City and
Silicon Slopes have started 167 companies and raised nearly $750,000. The program continues to be strengthened, and at the start of the fall semester in August 2016, Lassonde Studios, an institute that combines 400 residences with a 20,000-square-foot garage (used for building prototypes and holding events and conferences) will be opened to create a hub for innovators, makers, and entrepreneurs of all disciplines to connect. A key contributor to Silicon Slopes' successful tech industry is the well-planned Internet infrastructure. Salt Lake City is in a fortunate geographic location because it sits along the major east-west Internet corridor where ten major service providers