Top 3 Cities for Growing Tech Companies in 2019
Location, location, location—it’s as important for starting a company as it is for real estate. When it comes to tech-friendly environments with top-notch talent pools and large potential customer bases, these three U.S. cities are tough to beat.
When you think of Texas, ‘technology’ may not be the first word that comes to mind, but that could soon change: Austin has recently become one of the leading locations for startups. With a lower cost of living than you’ll find in cities on the east and west coasts, it has become one of the fastest growing cities in the U.S., and that surge includes a sizable population of educated, technologically minded millennials. It also has a well-developed arts scene, which sets it apart from many other tech-centric areas.
Silicon Valley is synonymous with tech and innovation worldwide. While the housing costs there may cause some to hesitate before relocating, it’s expensive for a reason: it simply is the place to be. Nowhere else will you find the density of talent, capital, and innovative ideas that you get in San Francisco. There’s value in building your company right in the thick of things, whether it’s through mentors you wouldn’t find anywhere else, constant exposure to the latest cutting edge, or simply an infectious drive to succeed and change the world.
While San Diego may seem a laidback beach city in comparison to its northern California counterpart, it is not to be underestimated as a promising home base for your company. It has a solid infrastructure in the technology industry, a friendly business community, and a more reasonable cost-of-living than other major west coast cities. It also has one of the highest quality of life rankings in the U.S., scoring just above Austin. Let the Southern California sunshine do your recruiting for you—you’ve got a business to build!
As the world becomes more connected, geographic location may seem like a concern of the past. While it’s true your business can now reach customers no matter where you’re physically situated, don’t underestimate the value of surrounding yourself with the best and brightest. Choose your city carefully–your company deserves it!