Tech is thriving in New York. So are the rents

It accounts for more than 200,000 jobs and has colonised entire neighborhoods. In New York, the tech industry is driving local economic growth like never before. — AFP

NEW YORK: It accounts for more than 200,000 jobs and has colonised entire neighborhoods. In New York, the tech industry is driving local economic growth like never before – but it is also widening the gulf between the haves and have-nots.

Ian Amit remembers moving to New York 25 years ago. Back then, "you could probably count the number of tech startups on two hands," says the CEO of cybersecurity firm Gomboc.ai.