As an entrepreneur who created an information technology start-up that grew into a global business with 15,000 employees, Mike Bloomberg positioned New York City to lead the innovation economy of the future. As a result of his leadership, New York City escaped the worst effects of the national economic downturn and 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.
From the end of the national recession through 2013, NYC gained back 327% of the jobs lost, while the country as a whole gained back only 87%.
There were a record number of private sector jobs in NYC, and the majority of the jobs were created outside of Manhattan, reversing a historic trend.