Silicon Valley has long been the tech capital of the U.S., but startups like Xpress Technologies – which are seeking to disrupt current industries rather than create new ones – are establishing new tech hubs around the country. Xpress Technologies has offices in Chattanooga, Chicago, and Scottsdale, tapping into highly educated workforces, areas with high quality of life, and cities that value work-life balance.
Xpress Technologies’ two southern office locations offer the perfect balance for employees looking for low costs and high quality of life. Bustling downtowns and breathtaking natural scenery are just two reasons forward-thinking technology companies like Xpress Technologies have opened offices in Scottsdale, AZ and Chattanooga, TN.
When most people think of the Phoenix desert, they imagine somewhere hot, dry, and…. high tech? That may be surprising to some, but there are quite a few reasons technology companies have flocked to the desert for years. With a combination of low rent and a high volume of university graduates from Arizona State University, recognized by the U.S. News & World Report as the Number One Most Innovative School in America seven years in a row, the decision to move southwest seems like a no-brainer for tech startups.
Compared to Silicon Valley, the “Silicon Desert” costs companies roughly 40% of what they’d be spending in California on office space and employee compensation – massive savings of which cost-conscience small startups are eager to take advantage. Tech companies can also build their organizations from a highly desirable, skilled, and incredible workforce pool available to them in the Phoenix area. Nearly a quarter of the population are millennials, and over 21,000 university graduates enter the pool each year.
Much like Phoenix, Chattanooga, TN has become an entrepreneurial ecosystem, attracting startups of all sizes, including the unique INCubator, the country’s third-largest business incubator. For the past 30 years, this innovation hub has helped launch over 550 startups by providing a space for creative thinkers, entrepreneurs, students, and tech-savvy innovators to connect and collaborate. Dubbed “Gig City” for the 10GB broadband offered, along with a high quality of life, low cost of living, and no income tax, Chattanooga is an attractive spot for young professionals and startups alike. With a great outdoor scene, a culture focused on family, and costs that can be an eighth of other tech marketplaces, it’s no surprise that this southern city has boomed into a tech hub.
A mid-sized city with government-owned, fiber-based internet, Chattanooga transformed from a once vibrant train boomtown to an internet one. Recognizing the importance of a strong broadband network long before work-from-home became mandatory for many companies across the country, the city was prepared with technology to support companies and employees alike when the coronavirus hit in early 2020. A study from the University of Tennessee estimates that the broadband network directly created between 2,800 and 5,000 new jobs over the past five years.
Employees looking for a larger city vibe can join the team in Chicago, IL. The city offers diversity in both candidates and throughout the economy, with no single industry employing more than 14% of the workforce. By this time, it’s often just a reminder rather than a revelation that diversity is great for business. But it bears repeating—diversity is great for business. Financial performance increases by 36% for companies with ethnically diverse executive teams and 25% for those with gender diversity at the executive level. Home to numerous universities and technical colleges matriculating highly skilled graduates each year and a thriving tech incubator culture, Chicago is a great startup city.
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