Boulder, Colo. is the most popular city for high-tech startups, a new study says. And Fort Collins-Loveland, also in Colorado, took the number two spot, ahead of Silicon Valley and the Boston metropolitan area.
Colorado also took the second spot with the Fort Collins-Loveland area, beating the traditional California Silicon Valley cities of San Jose, Santa Clara and Sunnyvale. The Boston suburbs including Cambridge, Mass., are number four, and San Francisco is number seven—after Seattle and Denver. New York isn’t even in the top 10.
Researcher Ian Hathaway, who wrote the report—which was issued by the Kauffman Foundation and Engine.is, a non-profit advocacy group for U.S. startups—said that although he was surprised by the number of jobs high-tech startups create, he wasn’t surprised by the geographical findings.
“I study this, and I hear stories that it’s easier to create a startup wherever you live. You don’t have to come to Silicon Valley or Cambridge anymore,” he said.
Cities that are most attractive to high-tech entrepreneurs tend to have one or more of three characteristics—a highly skilled workforce, a research university or proximity to defense bases and the aerospace industry, Mr. Hathaway said.
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