As an entrepreneur who created an information technology start-up and grew it into a global business with 15,000 employees, Mike Bloomberg positioned New York City to lead the innovation economy of tomorrow. As a result of his leadership, New York City escaped the worst effects of the national economic downturn, and it far outpaced the nation in job growth after the recession.


NYC went into the national recession later than the rest of the country and came out sooner and stronger. Since the end of the national recession, NYC gained back 327% of the jobs lost, while the country as a whole only gained back 87%. In 2013, there were a record number of private sector jobs in New York City, and the majority of the jobs were created outside of Manhattan, reversing a historic trend.