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 Gulf 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 in northern California. Davao Region is one of the regions of the Philippines, on the southeastern portion of Mindanao. Davao Region consists of four provinces — Compostela Valley, Davao, Davao del Sur, and Davao Oriental. The region encloses the Davao Gulf