New York Attempting to Become 'Silicon City'

Looking to directly compete with Silicon Valley, Mayor Bloomberg has declared that, eventually, New York City will surpass the California locale as a premier spot for technology businesses to startup and be headquartered in. Nevertheless, even Bloomberg realizes that vision could take decades to realize. 

New York's mayor has made no secret of going after a digital grail: rivaling Silicon Valley as a high-tech hub.

The city isn't there, at least not yet, but it can point to a series of promising signs. Tech titans including Google and Facebook have ramped up their presences in New York in recent years. Some big-name newcomers are headquartered here. Plans for an elite technology graduate school, attracted with city money, are getting enough attention that a federal patent officer is being stationed on campus in a first-of-its-kind arrangement.