Two of tech’s biggest companies are reportedly eyeing major expansions in New York — moves that experts say highlight the area’s ascendance as a major technology hub and the depth of the city’s massive talent pool.

Amazon.com may be closing in on a deal to bring part of its second headquarters to Long Island City, in Queens, according to the New York Times, and Google is planning to amplify its presence in Manhattan, according to the Wall Street Journal. Entrepreneurs and policy experts say tech companies are drawn to the city’s rich diversity and skilled workforce, transforming it over the past decade into a vibrant tech stronghold and expanding the industry’s footprint beyond its West Coast origins.

“Education, expertise, access to capital, access to customers, a place where people want to live. What you see is a thriving ecosystem,” said Julie Samuels, executive director of Tech: NYC, a group that represents New York-based tech firms. Tech companies and their employees are attracted to the city’s essential characteristics: arts and cultural institutions, neighborhoods connected by public transit, restaurants, coffee shops, and bars, Samuels said.

The city’s tech industry already employs 320,000 people, according to Karen Bhatia, the vice president of initiatives at the New York City Economic Development Corporation (NYCEDC). And officials have invested in preparing young people to join those ranks. The city’s more than 120 colleges and universities produce 4,500 computer science majors every year, Bhatia said. “We have the talent infrastructure here in New York.”