<P> Silicon Alley, centered in New York City, has evolved into a metonym for the sphere encompassing the New York City metropolitan region's high technology and entrepreneurship ecosystem; in 2015, Silicon Alley generated over US $7.3 billion in venture capital investment . High tech industries including digital media, biotechnology, software development, game design, and other fields in information technology are growing, bolstered by New York City's position at the terminus of several transatlantic fiber optic trunk lines, its intellectual capital, as well as its growing outdoor wireless connectivity . In December 2014, New York State announced a $50 million venture - capital fund to encourage enterprises working in biotechnology and advanced materials; according to Governor Andrew Cuomo, the seed money would facilitate entrepreneurs in bringing their research into the marketplace . On December 19, 2011, then Mayor Michael R. Bloomberg announced his choice of Cornell University and Technion - Israel Institute of Technology to build a US $2 billion graduate school of applied sciences on Roosevelt Island in Manhattan, with the goal of transforming New York City into the world's premier technology capital . </P> <P> Albany, Saratoga County, Rensselaer County, and the Hudson Valley, collectively recognized as eastern New York's Tech Valley, have experienced significant growth in the computer hardware side of the high - technology industry, with great strides in the nanotechnology sector, digital electronics design, and water - and electricity - dependent integrated microchip circuit manufacturing, involving companies including IBM and its Thomas J. Watson Research Center, GlobalFoundries, Samsung, and Taiwan Semiconductor, among others . The area's high technology ecosystem is supported by technologically focused academic institutions including Rensselaer Polytechnic Institute and the SUNY Polytechnic Institute . In 2015, Tech Valley, straddling both sides of the Adirondack Northway and the New York Thruway, generated over US $163 million in venture capital investment . The Rochester area is important in the field of photographic processing and imaging as well as incubating an increasingly diverse high technology sphere encompassing STEM fields, similarly in part the result of private startup enterprises collaborating with major academic institutions, including the University of Rochester and Cornell University . Westchester County has developed a burgeoning biotechnology sector in the 21st century, with over US $1 billion in planned private investment as of 2016, </P> <P> Creative industries, which are concerned with generating and distributing knowledge and information, such as new media, digital media, film and television production, advertising, fashion, design, and architecture, account for a growing share of employment, with New York City possessing a strong competitive advantage in these industries . As of 2014, New York State was offering tax incentives of up to $420 million annually for filmmaking within the state, the most generous such tax rebate among the U.S. states . New York has also attracted higher - wage visual - effects employment by further augmenting its tax credit to a maximum of 35% for performing post-film production work in Upstate New York . The filmed entertainment industry has been growing in New York, contributing nearly US $9 billion to the New York City economy alone as of 2015 . </P> <P> I Love New York (stylized I ❤ NY) is a slogan, a logo and a song that are the basis of an advertising campaign and has been used since 1977 to promote tourism in the state of New York, including New York City . The trademarked logo is owned by New York State Empire State Development . The Broadway League reported that Broadway shows sold approximately US $1.27 billion worth of tickets in the 2013--2014 season, an 11.4% increase from US $1.139 billion in the 2012--2013 season . Attendance in 2013--2014 stood at 12.21 million, representing a 5.5% increase from the 2012--2013 season's 11.57 million . </P>

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