10 Cities That Could Be The Next Silicon Valley
7 Portland, OR
Between 2010 and 2013, the pool of technology talent in Portland grew 28%, outpacing L.A., Austin, and even tech-mecca Silicon Valley. According to real estate firm JLL’s national rankings of high-tech hubs, Portland jumped from #16 to #8 in 2014. The industrial corridor in northwest Oregon has been nicknamed Silicon Forest for all its cluster of high-tech companies that have sprouted up.
Portland Incubator Experiment, Portland Seed Fund, and Upstart Labs, have all been backed by locals and venture capitalists. The result? Huge projects like Urban Airship (a mobile notification app), and Cloudability (a provider of financial and management tools for cloud resources). Many startups in Portland are focused on backend internet services and cloud technology.
To confirm the tech growth in the relatively small market of Portland, Google has confirmed that it is moving a large office to downtown Portland, and New York-based company WeWork is also coming to Portland. Other big-name companies that reside in Portland are computer chip giants Intel, electronic display companies Planar and InFocus, and printer companies Xerox, Epson, and Hewlett-Packard, as well as indie digital music aggregator and retailer, CD Baby.