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 Beach Fest Silicon Beach Fest Silicon Beach Fest is the name for a conference featuring both startup and Hollywood entertainment companies, based in Los Angeles, California, United States. Silicon Beach Fest was the "first time that local incubators, accelerators, digital media shops, and investors city-wide have gathered together to examine the burgeoning tech scene in L.A." The term "Silicon Beach" has been popularly used by the media when referring to LA's growing startup and tech scene. Many of the panels and workshops at the conference feature speakers from media companies and startups who are innovating in digital and entrepreneurial activity, and reflect