For Tech Start-Ups, New York Has Increasing Allure (Silicon Valley has a rival)

New York Times ^ | 05/27/2012 | By JOSHUA BRUSTEIN

[JW1949]

RTP (Research Triangle Park) in the Raleigh, Durham, Chapel Hill area of North Carolina has taken the place of Silicon Valley...

[James C. Bennett]

Taken the place of Silicon Valley?

LOL.

[JW1949]

Yep...More high tech businesses moving OUT of California and many moving INTO North Carolina....

[James C. Bennett]

I know a few of them - they still keep all their innovation in CA - the R&D centers stay behind in CA while manufacturing ops are moved to cheaper locales. What companies have found to be near-impossible is in replicating that high-innovation environment Silicon Valley and the larger SF-LA area possess. The missing key is what I mentioned in my comment earlier - the chain of high-tech universities of the likes of Stanford, CalTech, USC, UCLA...

[coloradan]

Actually, I think it's the NYT trying to plant a meme in gullible people's minds: if you have to leave CA, then NY would be a good place for you to go. Of course nothing could be farther from the truth, but then again, this is the New York Times we're talking about here. What do you get when the painted ladies (of the evening) lose their colorful appeal? The Gray Lady.

[central_va]

Why not relocate to a more tax friendly state?

They shouldn't come south we are just a bunch of toothless rednecks down here. Better the Kalifornicators stay with their own kind in NYC.