George Nemeth · WSJ: Hi Tech Startups put down roots in new soil

May 27th, 2009

Check out this link Marc Canter sent out yesterday:

High-tech start-ups are increasingly setting up shop in places previously not known for attracting high-tech firms.

A number of cities, such as Kalamazoo, Mich., and Toledo, Ohio, are offering grant money and tax breaks to high-tech start-ups, just as the usual venture-capital hot spots, such as Silicon Valley and Boston, continue to see a pullback in venture lending. Many of the nontraditional cities require that start-ups receiving grants invest in their area, leaving companies little choice but to locate — or relocate — their businesses.

Firms also are being lured by the lower cost of doing business in such cities. And, as the number of high-tech start-ups increases in these areas, existing companies find that as they grow, they no longer have to leave Ohio, Michigan and other states that traditionally have had less to offer in the way of high-tech communities and investors…

WSJ: High-Tech Start-Ups Put Down Roots in New Soil

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