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Posted:
Dec 11, 2020 / 04:49 PM EST
INDIANAPOLIS (Inside INdiana Business) An opinion column in the online business publication Entrepreneur.com says eight non-coastal cities, including Indianapolis, are quickly becoming the new hotbed for high technology innovation.
Mark Minevich, who is principal for Going Global Ventures, says the idea that tech innovation is limited to the coasts is no longer valid.
While he says the west and east coasts accounted for 90% of all U.S. high-tech job growth from 2005 to 2017, new pockets of inland innovation and tech entrepreneurship are appearing in the Midwest and Great Plains.
“U.S. states primarily known for their agro business are becoming known for their hubs of innovation, with high rates of startup growth and growing networks of business owners and entrepreneurs,” penned Minevich.
Indiana Part of Inland Innovation Growth of Tech Biz insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.
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Entrepreneur contributors are their own.
For many years, much of American innovation particularly tech innovation was concentrated on the coasts. Just five metropolitan areas (Boston, San Diego, San Francisco, Seattle and San Jose) accounted for 90% of all U.S. high-tech job growth between 2005 to 2017.
Those days are coming to a close. The modern map of innovation and entrepreneurship is starting to shift as companies and innovators move inward toward the heartland. U.S. states primarily known for their agro business are becoming known for their hubs of innovation, with high rates of startup growth and growing networks of business owners and entrepreneurs.