Picking the place to start a tech startup could be a huge factor in determining if the business succeeds — or makes money. There are many states that will deliver a lot of benefits to a fledgling tech startup, while others might lead the business to its downfall.
On the topic of starting a business, Storeganise sent out a study ranking the best and worst states to specifically start a tech business. This was based on factors like venture capital investment, average tech salaries, employment in tech, business survival rates and internet speed.
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Tech businesses flourish in places like Boston and Cambridge because of the wealth of venture capital investment opportunities. There are also lots of people with technology degrees in the state, making it easy to find qualified talent. The state ranked No. 3 in the nation when it came to average tech worker salaries, so those living in Massachusetts and working in the industry will see healthy paychecks.
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Home to the renowned Silicon Valley, California takes the No. 2 spot on the list. The state had the highest average tech worker salaries. Because of the amount of tech businesses in California, there are plenty of networking opportunities to find like minded people to work for and invest in new tech businesses.
Washington ranked first when it came to job openings for tech workers. The state also ranked second for average tech salary, which is promising for those looking to work in a startup. It also had the fourth highest number of people with tech degrees, as well as the fourth highest internet speed in the country.
Virginia had the second highest number of tech job openings per 1,000 jobs. More good news for those looking to advance tech in the state: it was No. 2 in the nation when it came to fast internet.
The state’s proximity to D.C. helps make it one of the best states to start a tech business. It ranked No. 1 for people holding tech degrees and average internet speed. It also ranked high for tech job openings.
A lack of technology-based events and those with tech degrees contributed to Mississippi being the worst state to start a tech business. Mississippi also ranked low when it came to venture capital investment and technology job availability.
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