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Denver overtakes Silicon Valley. Metro area No. 3 tech hub behind Raleigh-Durham, Seattle

Silicon Valley ranks last in an annual ranking of 12 U.S. technology hubs because of the region’s notoriously high housing costs, traffic congestion, unemployment rate and other quality-of-life problems.

According to a survey by the Silicon Valley Leadership Group, the nation’s top-ranked tech hub is North Carolina’s Raleigh-Durham area, which enjoys relatively affordable housing and a thriving job market. The region also wins points for local kids’ performance on eighth-grade math tests, as well as comparatively low sales taxes and affordable utility bills.

The No. 2 city is Seattle, home to thousands of well-paid technology professionals who work at Microsoft Corp., in suburban Redmond, Wash.

By Rachel Konrad, Associated Press

Full Story: http://www.dailycamera.com/bdc/local_business/article/0,1713,BDC_2461_4963448,00.html

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