# Prof. Luke Williams explains how technology is driving economic growth in New York

1 Faculty News February 27, 2015 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://video.foxbusiness.com/v/4084295349001/tech-spurring-growth-/?playlist_id=3365167752001#sp=show-clips/daytime) -- "When you're talking about economic growth, it is innovation that's the driver of that growth. So the way you increase growth, you have to have a vested increase in increasing the pace of innovation. And the way you increase the pace of innovation is increase the exchange of ideas - or between different industries. So, New York has a tremendous advantage because it's not just tech.... you know, fashion, media... it's all mixing of ideas."

[Watch the video](http://video.foxbusiness.com/v/4084295349001/tech-spurring-growth-/?playlist_id=3365167752001#sp=show-clips/daytime)