10 Best Places to Optimize Your Startup Success
Guest post from freelance contributor, Lindsey Patterson, who specializes in business technology, customer relationship management, and lead management.
Boca Raton, Florida
The rise of the startup as a popular means of bringing a business idea to market is a growing trend across many sectors, like health and tech. Location matters, because proximity to educated and driven people, as well as sources of funding, are big boosts to startups as they grow. In this article, we will list the top 10 cities in terms of how beneficial they are as nests for startups.
10. Rockville, Maryland
Rockville is a hot area for health and biotech. It’s near DC and the federal sources of health research funding, as well as top-level universities and excellent facilities. As a suburb, Rockville is also cheaper to live in than DC and carries more amenities that educated workers would want in a home, so they will be easier to retain.
9. San Francisco, California
Photo Credit: Nicolas Raymond | Golden Dawn Bridge HDR
SF is another highly attractive option. It is a major center of research and industry, with a high concentration of talent and funding. SF’s size and breadth makes it suitable for startups in many different areas, although tech is perhaps the most popular. It is easy to hire young talent fresh out of school or industry veterans looking to take a chance on a startup.
8. Franklin, Tennessee
Next to cities like SF, Franklin is a dark horse. Many have never heard of the town, but it’s undergoing a major tech boom. It has a historic downtown and cheap housing, so it is easy to find a venue and attract employees. The town is a little small, so that means you will need to bring people in from outside, but there are more people available every year.
7. Bellevue, Washington
Bellevue is close to Microsoft’s global HQ. It’s a leading candidate to locate a tech startup, because the local talent level is quite high. The synergy with local tech companies and vendors makes for a very friendly environment for tech in particular. Bellevue residents and companies hold a huge number of patents.
6. Cambridge, Massachusetts
Photo Credit: By en: User: Shinkuken (English Wikipedia) [Public domain], via Wikimedia Commons
Cambridge is home to Harvard and MIT, so there is clearly a world-class concentration of talent and research in the area. Of course, competition is high, and that drives up the cost of wages. But almost any industry will find the brightest young minds coming out of Cambridge, as well as potential consultants working as academics. You’re sure to find workers who are familiar with Hadoop and Excel and other advanced topics.
5. Irvine, California
Photo Credit: Scott Cutler | Humanities Bridge at UCI
Irvine hosts one of the more important University of California campuses as well as significant capacity for office space. Its proximity to LA provides access to even more talented workers. Founders can dodge the costs of being in LA proper without compromising on the workforce or business environment.
4. Bend, Oregon
Bend used to be a logging town. Rather than fading away as some other commodities-oriented cities have done, Bend has successfully transitioned into a hub of tech, bioengineering, and aviation. There are no local schools of note, but the growth rate is incredible and the potential for synergy with existing partners is a major draw. This is a tech center on its way up
3. Santa Monica, California
Santa Monica is a beautiful area. It is close to LA, with all the benefits that implies, and the presence of the film industry opens up all kinds of intriguing options. Media and tech are close friends here, which is a refreshing contrast from app-centered startups and biotech.
2. Boca Raton, Florida
Florida has a reputation for a retirement target, but there’s much more going on here. IBM has an old plan in Boca Raton that has inspired a tradition of interest in the tech industry. Ever since then, Boca Raton has been quietly growing as a major hub for startups, and it has a special inclination towards the hardware side of things. The city’s nickname is “Silicon Beach” for a reason
1. Boulder, CO
Photo Credit: Zach Dischner| Flatirons on Fire
Boulder has beautiful natural scenery and a massive set of colleges and research institutions churning out interesting ideas and talented people. It has an excellent combination of low living expenses and wide availability of funding. The University of Colorado might not be MIT, but it is not far behind. Furthermore, the explosive growth of the city has opened up opportunities for synergy in many tech-related fields.
There’s a few traits that these top cities share: the presence of a skilled workforce, the availability of low cost business insurance and funding from government or private sources, and the ability to team up with other companies or consultants to help solve problems that arise along the way. Look for those attributes when you consider where to locate a startup. They are the fuel that makes growth easier to achieve.
Please let us know in the comments below if you have any questions or comments.
Lindsey Patterson is a freelance writer and entrepreneur who specializes in business technology, customer relationship management, and lead management. She also writes about the latest social trends, specifically involving social media. Find her on Twitter: @LindseyPatter19
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