New York’s startup activity is hot — but many of the city’s residents are being left out in the cold, according to a report by Manhattan Borough President Scott Stringer.
Just one in five of the city’s startups is founded by a woman, the report says.
And while 54% of employed white New Yorkers work in management, business, science and the arts, only 29% of employed blacks and 20% of employed Latinos work in those fields.
“The entrepreneurial economy is bursting at the seams,” Stringer told the Daily News. “We are leaving out half of New York City.”
The report, called “Start-Up City: Growing the Entrepreneurial Ecosystem for All,” points to the lack of talent available to fill the city’s desirable tech positions, which have starting salaries of as much as $65,000.
Stringer, who is running for city controller, wants the Education Department to offer expanded computer science curricula with input from tech entrepreneurs.
He also wants the city to launch a city-state financial aid program for students who promise to work locally for at least five years.
“We need to create a talent pool so that people who are unemployed today will be employed in the future,” Stringer said.
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