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Monday, April 26, 2010

Start Ups and Government in Boulder

Vivek Wadhwa has an interesting piece in Bloomberg Business Week on why Boulder, Colorado, is a great place to start up a tech company.

He reports:

An influx of entrepreneurs like these has changed the face of this Colorado city of 98,000, making it a destination for Internet startups. With the University of Colorado as an anchor and a backyard full of mountains as lifestyle bait, Boulder now has the highest concentration of software engineers per capita in the nation. It's second only to Silicon Valley in percentage of workers employed in tech, according to the American Electronics Assn. Best-selling author and urban development expert Richard Florida says it has the greatest concentration of the "creative class"—scientists, artists, engineers, and the like—in the U.S.


What he goes on to say about a start up boot camp is worth noting.

But consider what Wadhwa says about government:

When I ask longtime players about local government, they shrug. When I ask them about state government, the common refrain is that the best thing it can do is invest in education and otherwise stay out of the way. The lesson here is that it doesn't take billions in government spending to create a thriving industry cluster. Instead, with a little luck and lots of hard work by residents, local economies can be shaped from the bottom up.


Correct – and of course, it flies in the face of what government economic developments officers have been peddling for years.

Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council

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