Now Playing: 09-17-2012 Marketplace Tech Report

For years now, Silicon Valley has been known as the hub of tech development in the U.S., if not in the world. But as the new Marketplace Tech Report launches in New York, we take a look at how that city -- known more for its finance and fashion -- can also laying claim to a serious culture of tech innovation. In New York's Meatpacking district, it's less about wholesale beef and more about young technology firms.