The New South has arrived: one bustling to foster innovation and advanced technology around some surprising hubs.
"The trend is evident in the recent relocations of major tech companies to tech powerhouses along the Sun Belt," a recent analysis by CommercialCafe concluded. It evaluated the top 20 Southern tech hubs by several metrics, including the local ratio of tech to non-tech businesses, tech employment, the number of patents granted, as well as unemployment rates and educational attainment.
Top ranking went to the Washington, DC, metro area, with a strong performance on several metrics. According to the report, it earned "maximum points for its concentration of tech businesses and tech jobs." It also benefits from a highly educated population that encourages innovation and growth, as shown by the 5,826 patents granted between 2018 and 2022.
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