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May 29, 2016 04:00 pm

Is Denver The Next High-Tech Center?

An anonymous reader write: "The spread of the tech industry outside Silicon Valley has helped make Denver the fastest-growing large city in the U.S.," reports the New Yorker, saying it's now growing faster than Austin and Seattle, becoming one of America's 20 most populous cities. Cost-conscious investors and tech executives now are opening offices in cheaper "secondary cities" outside of Silicon Valley, like Salt Lake City, and the good universities near Denver mean a well-educated workforce, coupled with a low cost of living. "Though the city isn't the headquarters for any big tech companies -- like Dell in the Austin area or Microsoft and Amazon in Seattle -- several of them, including IBM and Oracle, have offices here. The presence of those offices, and of the universities, has also helped create a vibrant startup scene: people get educated here or come here for jobs, and then they graduate or leave those jobs and become entrepreneurs." Last year venture capitalists invested $800 million in Demver's tech, energy, food, and marijuana companies, and in 2014 Oracle paid over a billion dollars to acquire Denver-based Datalogix. Anyone else live in a burgeoning "secondary" tech city? Scott McNealy said he co-founded his data-analysis startup in Denver because in California "The prices of everything have skyrocketed. The regulations. The pension deficit. The traffic. It's just not a fun place to go start."

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