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Everyone from our mayor (ok, well he's paid to do so) to reporters to casual onlookers are saying that New York City is the next big place to watch for technology innovation and cool startups. Here's a taste of James Robinson's long, well-thought-out piece:

It is against this backdrop that New York's entrepreneurial class is again rising. The earliest signs of this resurgence appeared in the 1980s, when entrepreneurs like Michael Bloomberg grasped the transformational nature of computer technology on financial services. Throughout the 1990s, many non-financial entrepreneurs left their posts at the region's major media conglomerates in search of new opportunities utilizing the latest technologies. Compact disks were the first of these new technologies, then came the rise of the Internet. Early winners such as N2K, DoubleClick, 24/7 Media, About.com, TheStreet.com and ScreamingMedia emerged, creating a groundswell of new activity.

At the same time, already-strained technology budgets were pushed into overdrive in the face of widespread concerns over Y2K disruptions. Enterprises spent even more heavily, upgrading their IT systems before the clock rolled over to the year 2000, on top of large budget commitments already underway to embrace the new age of the Internet. New York experienced this so-called "dot-com boom" in step with the rest of the developed world, but with a decided bias towards media and entertainment.