News

August 30, 2011

Where The Action Is

By: by Emily Maltby, Wall Street Journal

Source:

Across the country, new industry hubs are drawing entrepreneurs and investors-and offering start-ups support and safety in a turbulent economy

Location matters.

It's a lesson that's all too easy to forget in a world driven by mobile devices, cloud computing and home offices. There are big benefits to setting up shop in the right spot-especially among lots of peers in the same field.

Just ask sports-gear makers in Ogden, Utah. Or health-care companies in Nashville. Or nanotechnology researchers in Albany, N.Y.

These cities, and others like them across the country, have become hubs for specific industries. Entrepreneurs are moving there and flourishing in the teeth of a bleak economy. The cities, in turn, are nurturing the entrepreneurs by giving them access to funding, mentors and facilities. Full article