News

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

Cities Like Kalamazoo Dangle Incentives as Silicon Valley and Other Old Hot Spots See Pullback in Venture Loans

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.

By SIMONA COVEL

Full Story: http://online.wsj.com/article_email/SB124329530359452757-lMyQjAxMDI5NDIzNTIyOTU1Wj.html

(Many thanks to Paul Gladen, President, Muzeview http://www.muzeview.com for passing this along. Russ)

Posted in:

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.