Digital NYC offers hudreds of thousands of Internet ready officespace in eight specially designated districts throughout the cityto companies. This space at reduced prices and when combined withother financial incentives is aimed at attracting industry to NewYork and to maintain its position as a top city for technology.This is one of the city's most successful programs to accomodatehigh-tech and new media companies looking to relocate or expandhere.

"This program expands upon successful initiatives such as theLower manhattan Revitalization Plan and the Plug 'n Go Program,which helped to revitalize Downtown Manhattan and helped create thehigh-tech industry in New York City," said Mayor Giuliani publiclyfollowing the acceptance of the award. "Digital NYC is establishingspecial high-tech districts in neighborhoods all over the city andbringing jobs and opportunity to once neglected areas, and I'mpleased that its value has been recognized by this prestigiousinternational organization."

The mayor's office and the EDC both point out that in the lastfew years, the city's high-tech industry has grown to more than4,000 companies. These companies employ approximately 140,000people and generate more than $9 billion in annual revenue.