As Silicon Valley continues to become expensive to the point of unaffordability, it’s become a common guessing game as to which metro area is poised to become the next “it” market for startups to flourish, find investors and win over consumers.
Naturally, major locales like Seattle, New York, San Diego and Los Angeles are considered major tech hubs as well. Austin, Texas, has emerged in recent years as the go-to area for major tech companies looking for a more affordable alternative for employees, bringing startups and investors along with it.
But is Salt Lake City gearing up to take that title?
Called “Silicon Slopes” by many in the industry, Utah has seen steady growth in the analytic data industry in particular since the 1990s, and in more recent years the state has made significant progress in attracting startups and venture capitalists.