Despite their best efforts, Miami came in 11th, attracting about 76.6 software and information tech workers per 10,000. This was according to LinkedIn data from between May 2020 and April 2021.
The securities and trading industry accounts for 18 percent, about $15.1 billion of New York City’s total tax revenue collections from 2019. In 2020 the industry lost about 7,300 jobs during the pandemic. This is a shrinking tax base for NYC.
Both tech workers and the Wall Street crowd appear to be fleeing the city. In the meantime, NYC’s tax base is shrinking. And small businesses and rent property landlords continue to be impacted by the shifts.